When it comes to Money Transmission Regulations, don’t mess with the US.   Seriously!

The new Virtual Markets Integrity Initiative Report, cited 3 exchangers, Binance, Gate.io, and Kraken for “possibly operating unlawfully in New York”.  The New York Attorney General will now be referring these exchangers to the New York Department of Financial Services.

Last week, a Federal judge in Brooklyn said that SEC rules apply to initial coin offering.

Source: https://www.forbes.com/sites/michaeldelcastillo/2018/09/18/new-york-attorney-general-warns-kraken-cryptocurrency-exchange-could-be-breaking-the-law/amp/


Ferhan Patel

Ferhan Patel is a experienced Canadian FinTech Executive with over 15 years experience.