Fraudulent order? On what evidence? I use to think you were doing good, now I see you becoming your own worse enemy. Take a break brother - this life is short.
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Placing orders with intent to remove them before execution is illegal.
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You're applying HFT and general secuirities law to an instrument that is outside the relevant legal application. Additionally, there is no guaranteed spoofing orders are without risks. Orders can be filled. Front running doesn't apply to OTC debt. Ultra vires
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Bitcoin is a commodity.
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On Bitmex there is no USD or other fiat involved. BTC is not classified as a security. So why bother with KYC on a platform that merely enables gambling with worthless digital tokens? (I don't like Bitmex and I don't think crypto is worthless)
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Bitcoin is a commodity. Spoofing is illegal on commodities.
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Spoofing is indeed illegal, but it happens on every exchange I have visited and is not obvious but to traders that spend their days watching order books. Is there a mechanism that would help prevent this? And when detected, how can you tell who is behind it?
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Only the exchange can tell who is behind it, and with no kyc, forget about it. I think making them pay the taker fee if they cancel the order too quickly would put a stop to it, fast.
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"fraudulent"....I doubt that spoofing is illegal in the Seychelles or in the jurisdiction the trader places his orders from.
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