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.