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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