CLS GLOBAL RELEASES STATEMENT ON RECENT SEC, FBI, AND DOJ ACTIONS REGARDING CRYPTO FIRMS

UAE, November 11, 2024

CLS Global, a leading cryptocurrency market-making firm specializing in providing bespoke liquidity solutions worldwide, has released a statement addressing recent actions by U.S. authorities against several cryptocurrency firms, including CLS Global.

The company has initiated contact with U.S. authorities to establish a constructive dialogue aimed at resolving cases, addressing misunderstandings, and implementing appropriate remedial measures.

Filipp Veselov, CEO of CLS Global, states: "Our company has always aimed to maintain a policy that prohibits engagement with U.S. clients, entities, or users. We take our compliance obligations very seriously and have worked to ensure our operations remain separate from U.S. markets and regulatory jurisdictions. However, we recognize that there may be areas where we can improve our processes, and we are open to constructive dialogue with regulatory authorities."

The company has outlined several immediate actions:

• Initiated communication with U.S. authorities to address concerns
• Reviewing and enhancing client agreements regarding U.S. persons policies
• Evaluating exchange partnerships with focus on robust KYC protocols

"We are taking this situation very seriously and are committed to engaging in constructive discussions with regulatory authorities to address any concerns," adds Veselov. "Our goal is to ensure full compliance and transparency in our operations, and we are open to considering any necessary adjustments to our practices."

CLS Global maintains its commitment to operating within applicable laws in its jurisdictions of operation and will continue to honor obligations to clients and partners throughout this process.

The company will provide updates as appropriate and maintains open lines of communication with all stakeholders.

About CLS Global:

CLS Global is a leading cryptocurrency market-making firm, specializing in providing bespoke liquidity solutions for crypto projects worldwide. Renowned for its innovative approach, robust compliance framework, and client-centric operations, CLS Global operates at the forefront of the digital asset industry.