Cryptocurrencies

Three Crypto Exchanges May Be Operating Illegally, N.Y. Says

  • Attorney general’s report finds three “areas of concern”
  • “Serious efforts” to stop manipulation not implemented yet
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Three cryptocurrency exchanges may be operating illegally in New York, according to the state’s legal chief.

In a report Tuesday, Attorney General Barbara Underwood said her office referred Binance, Kraken and Gate.io to the New York Department of Financial Services for possible violation of digital-currency regulations. Each of those exchanges had earlier refused to provide information requested by the state. The three firms didn’t immediately respond to requests for comment.