New York Attorney General Eric Schneiderman’s Investor Protection Bureau sent letters and questionnaires this week to 13 cryptocurrency trading platforms seeking information on operational controls, money laundering and privacy practices, but at least one company said it won’t comply, and a financial services regulation expert called the attorney general’s action “extraordinary.”

The companies receiving the questionnaires included Coinbase; Gemini Trust Co.; bitFlyer USA Inc.; and 10 others. The Attorney General’s Office imposed a May 1 deadline for compliance.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]