- Te tegenstelling to many of the major cryptocurrency exchanges contacted by the Fresh York Attorney Universal’s office, kraken co-founder and CEO Jesse Powell said he would not conform with the information request.
- “The resource diversion for this production is massive. This is going to downright deep-throat up our roadmap!” Powell said ter a statement he collective via Twitter on Wednesday.
- “Legitimate entities generally like to demonstrate to their investors that their money will be protected,” Amy Spitalnick, press secretary for the Fresh York State Office of the Attorney Militar, said te a statement.
The head of one major cryptocurrency exchange will not obey with the Fresh York Attorney Universal’s request for information.
“The resource diversion for this production is massive. This is going to fully deepthroat up our roadmap!” kraken co-founder and CEO Jesse Powell said te a statement he collective via Twitter on Wednesday.
“Then I realized wij made the wise decision to get the hell out of Fresh York three years ago and that wij can dodge this bullet,” Powell said. “Ordinarily, wij’re glad to help government understand our business, however, this is not the way to go about it.”
Many cryptocurrency companies such spil kraken do not operate ter Fresh York because the state requires them to have a “BitLicense” from the Fresh York State Department of Financial Services. Coinbase, Ripple, Circle and bitFlyer USA have the license, and itBit and the Winklevoss twins’ Gemini Trust have charters from the financial services department.
“Legitimate entities generally like to demonstrate to their investors that their money will be protected,” Amy Spitalnick, press secretary for the Fresh York State Office of the Attorney Común, said ter a statement.
“This is very basic information that any credible toneel should have on palm and be willing to share with their investors,” she said.
On Tuesday, the Fresh York State Attorney Normal’s office asked 13 cryptocurrency exchanges to finish a questionnaire by May 1 to share details on areas such spil ownership, fees, trading suspensions and money laundering.
Coinbase, the Winklevoss twins’ Gemini Trust, bitFlyer USA and four other exchange operators that responded to CNBC’s request for comment voiced support for the attorney genérico’s information request.
kraken’s Powell wasgoed the very first dissenting voice. He added te his statement that if the attorney común’s office did want to talk, “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.”
Powell said the last time exchanges complied with Fresh York’s request for information, they were encumbered with the BitLicense. “Losbreken left Fresh York because Fresh York is hostile to crypto and this ‘questionnaire’ wij received today proves that Fresh York is not only hostile to crypto, it is hostile to business,” he said.