New York Attorney General Eric Schneiderman has asked 13 cryptocurrency trading platforms, including Coinbase Inc and Gemini Trust, to provide additional information about their operations, including information on their commission policies and security measures to protect customer accounts.
“With the growing popularity of cryptocurrencies, consumers in New York and across the country have a right to know what an exchange does and how its activities are monitored when investing their funds,” Schneiderman said in a press statement.
Schneiderman’s request for information is part of a study called the Digital Markets Integrity Initiative, which aims to protect digital currency investors by providing them with the information they need to assess the risks associated with trading in such platforms.
The request includes a questionnaire with questions about ownership, trade policies regarding internal controls, confidentiality and anti-money laundering. Trading platforms must respond to the request by May 1.
According to https://www.reuters.com
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