NY Attorney General’s Inquiry ‘Publicity Stunt,’ Japan’s VC Act ‘Good Example’ By Cointelegraph

Kraken: NY Attorney General’s Inquiry ‘Publicity Stunt,’ Japan’s VC Act ‘Good Example’

Crypto exchange Kraken has responded to the New York Attorney General’s (NYAG) inquiry launched last week into cryptocurrency exchanges, calling the initiative a “publicity stunt,” and referring to Japan’s virtual currencies act as a “good example” of “relatively” reasonable regulation, according to a blog post April 22.

Attorney General (AG) Eric T. Schneiderman launched the “Virtual Markets Integrity Initiative” on April 17 by sending letters to 13 cryptocurrency exchanges, giving them a two-week deadline to answer a three-page questionnaire covering topics like market manipulation, preventing insider trading, and customer funds protection. Kraken writes that this initiative “comes off as a publicity stunt,” adding that they “would have given the same response to the AG of North Korea.”

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