NY attorney general launches inquiry into cryptocurrency exchanges

Thirteen major virtual-currency trading platforms must complete a questionnaire on their fees and operations by May 1

bitcoin-currency
Consumer protection: in March, a federal judge ruled virtual currencies such as bitcoin are commodities and should be regulated by the CFTC

The New York attorney general has launched a “fact-finding inquiry” into the policies and practices of virtual or cryptocurrency platforms in a bid to improve the protection of investors and consumers.

The investor-protection bureau of the attorney general office sent out letters to 13 major virtual-currency trading platforms, asking them to complete a questionnaire about their ownership, operations, fees, internal controls and safeguards to protect customer assets.

Coinbase, Gemini Trust

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