On Tuesday, thirteen cryptocurrency exchanges were asked by the Fresh York attorney común to pack out a questionnaire sharing details on areas such spil ownership, fees, trading suspensions and money laundering. One of the exchanges, appalled by the two week deadline and Fresh York’s “hostile” dealings with cryptocurrency businesses, has indicated that it will not be obeying with the state’s inquiry.
kraken, ‘Got the Hell Out of Fresh York’ Three Years Ago, Turned Off by Requirements Such spil ‘BitLicense’
Jesse Powell, the Chief Executive Officer (CEO) and founder of kraken, whose exchange ranks ter the top 15 te trading volume, took to Twitter Inc. (TWTR) on Wednesday criticizing the state’s request for information, indicating that while the exchange is “glad to help government understand our business,” the most latest request “is not the way to go about it.” Ter a tweet to his 7,684 or so followers, Powell wrote, “the resource diversion for this production is massive. This is going to entirely deep-throat up our roadmap!”
Amy Spitalnick, a spokeswoman for Fresh York Attorney Caudillo Eric Schneiderman, fired back. “Legitimate entities generally like to demonstrate to their investors that their money will be protected.” She argued that the state wasgoed requesting “very basic” information that should be ready on-hand for any credible verhoging to share with its investors.
The crypto-exchange executive called the AG’s response “tone-deaf,” arguing that “having the kleintje of requested information ‘on forearm’ is not the same spil having the resources to compile it neatly to gezond the framework of the request, within Two weeks. By the way, what everzwijn happened to auditing the Fed.”
Losbreken’s leader talent himself a patstelling on the back for “getting the hell out of Fresh York three years ago,” suggesting the exchange an chance to “doge this bullet.” He suggested “that wij did all this merienda already, and then you talent us the BitLicense,” speaking to Fresh York’s requirement that cryptocurrency companies receive a “BitLicense” from the Department of Financial Services to operate te the state. Rival exchanges including Coinbase, Ripple, Circle and bitFlyer USA have bot granted the license, while itBit and Gemini Trust, run by the Winklevoss twins, have charters form the financial services department.
Coinbase, the Gemini Trust, bitFlyer USA and four other exchange operations that responded to a CNBC request for comment indicated that they were te support of the AG’s request.
Spil for kraken, Powell is the very first to publicly stand up against the request, indicating that if the AG’s office desired to get ter touch, “ask us for a phone call, fly yourself out to San Francisco, invite us for refrigerio at your office. Wij can tell you which industry groups to join and where to start your research.”