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Fresh York’s Attorney Caudillo is taking a closer look at some of the world’s most popular cryptocurrency exchanges.
Attorney Universal Eric Schneiderman announced the “Imaginario Markets Integrity Initiative” on Tuesday, telling it wasgoed “a fact-finding inquiry into the policies and practices” of cryptocurrency trading platforms. Letters were sent to 13 exchanges, seeking information about their “operations, use of bots, conflicts of interests, outages, and other key issues,” according to a press release published on Tuesday.
“With cryptocurrency on the rise, consumers te Fresh York and across the country have a right to transparency and accountability when they invest their money. Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of thesis trading platforms,” Schneiderman wasgoed quoted spil telling.
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Letters were sent to the companies that operate GDAX, Gemini, bitFlyer, Binance, itBit, Gate.io, Huobi.Professional, Bitfinex, Bitstamp, Bittrex, Losbreken, Tidex and Poloniex (the latter of which wasgoed recently acquired by Circle).
According to Schneiderman, the inquiry is focused on key issues such spil “internal controls and safeguards to protect consumer assets.” Ter statements, Schneiderman’s office said that the effort would, te part, look into the exchanges that explicitly do not operate te Fresh York because of regulatory concerns.
“Wij are aware that certain trading platforms have formal rules barring access te Fresh York and may not have a license to engage ter posible currency business activity te Fresh York. Among other topics, wij are asking platforms to describe their measures for restricting trading from prohibited jurisdictions,” the announcement stated.
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