PANews reported on September 24 that according to CoinDesk, decentralized crypto exchange Mango Markets is considering reaching a settlement agreement with the U.S. Commodity Futures Trading Commission (CFTC) and will pay a $500,000 fine to the CFTC. The CFTC accused the exchange of not registering as a commodity exchange, illegally providing services to U.S. users, and failing to conduct customer identity verification. The proposal still needs to be voted on by the holders of Mango Markets' governance token MNGO, and the current results show that the possibility of approval is very high. In addition, CFTC commissioners also need to approve the agreement. According to previous news, Mango Markets reached a settlement with the U.S. Securities and Exchange Commission (SEC) last month and paid a fine of approximately $700,000.
