According to a press release on April 17th, New York Attorney General Eric T. Schneiderman has announced the "Virtual Markets Integrity Initiative", targeting 13 largest virtual
currency exchanges in United States.
Virtual Markets Integrity Initiative is aimed to protect Crypto investors by improving transparency and enhancing accountability of the Crypto Exchange.
New York Attorney General Eric Schneiderman has sent letters to 13 virtual currency exchanges requesting they disclose key information about their operations, usage of bots, benefit conflicts, theft and other issues. Those
Exchange received the letter are GDAX, Gemini, BitFlyer,
Binance, itBit, Gate.io, Huobi.Pro, Bitfinex, Bitstamp, Bittrex, Kraken, Tidex and Poloniex (Which acquired by Circle recently).
According to Schneiderman, the investigation focuses on key issues such as internal manager and security measure to protect user assets. Also in a statement, Schneiderman said that part of the policy would look at non-functioning New York trading platforms for regulatory concerns.
Rothscointeam.
