In the field of view of the attorney General of new York Eric Schneiderman got some of the world’s most popular cryptocurrency exchanges. On Tuesday, April 17, Schneiderman announced the “initiative aimed at compliance with business ethics markets virtual currency”. According to the Prosecutor, we are talking about the “investigation policy and practice” cryptocurrency trading platforms.
Published on Tuesday, the press release reported that 13 of the cryptocurrency exchanges have received letters with questions about their “operations, the use of bots, conflicts of interest, interruptions, and other key issues.” Letters were the company that govern the exchanges GDAX, Gemini, bitFlyer, Binance, itBit, Gate.io Huobi.Pro, Bitfinex, Bitstamp, Bittrex, Kraken, and Poloniex Tidex.
According to Shneiderman, the main purpose of the investigation is to provide “internal control and the measures necessary to protect the assets of users.” In a statement, the Governor of the state of new York said that one of the lines of investigation is the study of the nature of the exchanges that aren’t working in the state opened due to the restrictions imposed by regulators.
In a press release, law enforcers say:
In light of the growing popularity of cryptocurrencies, consumers in new York and throughout the country, making investments, have the right to transparency and accountability. However, too often consumers are denied access to essential facts, the knowledge of which is necessary to assess the nature of the work marketplaces: the degree of honesty, ethics and security. We know that, in accordance with the formal rules, some trading venues banned in new York, and they have no license, enabling the state of such activities. Among other issues, we intend to find out what are areas to avoid trading in the jurisdictions that impose these restrictions.