The office of the attorney General of the state of new York carefully examining the work of several of the most popular cryptocurrency exchanges in the world.
Attorney General Eric Schneiderman (Eric Schneiderman) announced Tuesday the launch of «initiative for investigation of the integrity of virtual markets». He explained that it would be «the study of policies and practices» used for cryptocurrency platforms. According to a press release published on Tuesday, letters were sent to 13 exchanges, with the aim to obtain information about their «operations, the use of bots, conflicts of interest, outages and other key issues.»
«Due to the fact that the popularity of cryptocurrencies is growing, consumers in new York and across the country have a right to transparency and reliability, when you invest your money. Too often, however, users do not possess even the basic facts they need to evaluate the integrity and security of these trading platforms,» said Schneiderman».
Letters were sent to companies that run the exchanges GDAX, Gemini, bitFlyer, Binance, itBit, Gate.io Huobi.Pro, Bitfinex, Bitstamp, Bittrex, Kraken, and Poloniex Tidex (which was recently purchased
According to Shneiderman, the research focused on such key issues as «the system of internal control and safeguard consumer assets.» The office of Sneiderman say that will study the activities of exchanges, leading work and outside of new York in connection with regulatory issues.
«We know that some trading platforms there are the official rules that deny access to new York city, and they may not be licensed to carry cryptocurrency transactions in new York. Among other things we ask for these platforms describe the measures they take to limit the trade of the prohibited jurisdictions,» — said in a statement.