The US Commodity Futures Trading Commission (CFTC) recently announced its monitoring of offshore crypto betting platforms like Polymarket. CFTC Chair Rostin Behnam emphasized the importance of ensuring these platforms operate legally and within the boundaries of the law, particularly when providing services to US customers. The US Securities and Exchange Commission also took action against alleged crypto scammers connected to fake exchanges, accusing them of stealing millions. In a separate incident, the German government shut down 47 cryptocurrency exchanges for allegedly facilitating an underground economy for cybercriminals. Additionally, two individuals were arrested in the US for stealing $230 million worth of Bitcoin from a Washington, D.C. resident. These regulatory actions highlight the increasing scrutiny and enforcement measures being taken against illicit activities in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news