Kraken Is the Second Exchange to Criticize New York Attorney General’s Report

Kraken Is the Second Exchange to Criticize New York Attorney General’s Report
ôîòî ïîêàçàíî ñ : blokt.com

2018-9-24 14:19

The New York State Attorney General published a new report titled “Virtual Markets Integrity Initiative” recently, in which it noted that several cryptocurrency exchanges are not interested in avoiding market manipulation and have lower standards for customer safety.

Nine exchanges, including Coinbase and Gemini, participated in the survey, which led to the report. Kraken, Gate.io, Binance, and Huobi did not participate in the survey as they did not operate in the state of New York. The report is now stirring controversy in the crypto sphere.

Kraken Fights Back Against Attorney General

In a series of tweets, Kraken dismissed the report by New York Attorney General Barbara Underwood.

To begin with, here is what the exchange wrote:

“Thanks to the NY taxpayer for funding this research — saved our Product team a lot of time, and we got some interesting non-public info on our competitors. Excellent overview of issues and a nice list of ‘Questions Customers Should Ask’ on pg 32.”

Then it went on to trash the report, writing:

“We must, however, object to the highly unprofessional/malicious implication that because we did not respond to the voluntary information request, we *might* be operating illegally. We told you we don’t operate in NY. AG trying cases in the court of public opinion now?”

It also presented its own theory about the timing of the report. Kraken wrote:

“Is it a coincidence that this was published the day before the expiration of the @CBOE futures contract? Who traded on insider information and what is being done to prevent manipulation by @NewYorkStateAG employees? Quis custodiet ipsos custodes? http://www.cboe.com/delayedquote/detailed-quotes?ticker=XBT%2fU8 …”

The tweetstorm was seen by Ethereum founder Vitalik Buterin, to which he replied and said that libertarians have always favored regulatory agencies working like rating agencies. He also noted that the report is too focused on procedure.

Coinbase Rebuffed the Claims Earlier

While Kraken was not part of the survey, Coinbase was one of the most prominent exchanges that responded to it. Coinbase too had problems with the report, saying that media coverage has misinterpreted it and suggested that the exchange engaged in “self-trading” or “proprietary trading.”

The exchange strongly condemned the media reports claiming that it does not engage in any such trading and focuses instead on making the platform easy to use and the markets more liquid.

Binance CEO Changpeng Zhao was also asked about his views on the report during a Singapore conference, but he refused to comment. Binance was not a part of the survey, and the Attorney General has referred all four nonparticipating exchanges to the Department of Financial Services for violating the crypto regulations of New York.

Kraken Is the Second Exchange to Criticize New York Attorney General’s Report was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0089461 (-100%)

report new general york kraken attorney second

report new → Ðåçóëüòàòîâ: 126


Ôîòî:

A New EU Report Suggests Banks Could Indulge in Financial Misconduct to Stay Away From Cryptos

A new report from an EU department shows that all is not well in the fintech sector as competition intensifies between traditional finance and crypto finance. The report prepared by the Police Department for Economic, Scientific, and Quality of Life Policies on the recommendation of the European Parliament Committee on Economic and Monetary Affairs (ECON).

2018-7-23 17:19


Coindar Online Cryptocurrency Events Tracking Calendar Site Launches

Coindar is designed as a web-based events calendar, which offers a direct line to developers of various blockchain projects. The tool is designed to be utilized on the desktop. It creates an ecosystem where users are able to efficiently display meetings, technological updates, and even report new milestones they have hit. All of these things […]

2018-7-22 08:38


Ôîòî:

JPMorgan: Ripple, Bitcoin, Ethereum, Gardona, Dash, Litecoin stay here

This prediction by JPMorgan has been mentioned in an internal report of the American multinational investment bank and financial services company, headquartered in New York City. Various executives, including the CEO of the company Jamie Dimon, have clearly stated that they believe that cryptocurrency is actually a fraud. However, the internal report holds an entirely different

2018-7-20 18:24


Ôîòî:

Report: Blockchain cost nearly $ 12 billion to strike by 2022

A new report published by the International Data Corporation expects spending on blockchain solutions to increase annually at a growth rate of nearly 75 percent through 2022. Dubbed the “Worldwide Semiannual Blockchain Spending Guide,” analysts at the firm expect total spending on projects in the blockchain industry to hit $11.7 billion in 2022 alone, compared

2018-7-20 00:37


Ôîòî:

UPenn Law: Majority of ICOs Break Whitepaper Promises, Retain Centralization

Initial Coin Offerings (ICOs)–ICOs continue to make headlines along the academic circuit, and not in a positive light. On Tuesday, a new report from the University of Pennsylvania Law School revealed that in addition to breaking whitepaper promises, the majority of ICOs were guilty of retaining centralization in their issued currencies, thereby violating one of […] The post UPenn Law: Majority of ICOs Break Whitepaper Promises, Retain Centralization appeared first on Ethereum World News.

2018-7-19 03:57


Ôîòî:

The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules

The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a two-way bitcoin […] The post The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules appeared first on Bitcoin News.

2018-7-18 14:25


Ôîòî:

VanEck and SolidX File for Physically Traded Bitcoin “Solid” ETF

New York-based investment management firm, VanEck has partnered with SolidX blockchain and Fintech company,  as part of a strategic move to launch a Bitcoin-backed ETF.   A Tall Ambition? According to an ETF Strategy report,VanEck asset management company in conjunction with SolidX blockchain and Fintech firm have drafted a joint SEC filing for a physically-backed bitcoin ETF that will be insured.

2018-7-17 23:00


BlackRock Asset Management Firm is Studying Bitcoin & Crypto Space For First Time

World's Biggest BlackRock Looking At Bitcoin From previous comments several months ago that were unusual from legacy investment at the time, the world’s largest asset manager has spoken again. A July 16, 2018 Financial News London report notes that the company is considering bitcoin trading in new ways. The New York asset management company is […]

2018-7-16 19:18


Ôîòî:

UK Poised to Lead Cryto and Blockchain Economies, New Report Claims

A new report claims that the United Kingdom is poised to become a leader in the blockchain technology and cryptocurrency economies.  ‘The huge impact it undoubtedly will have in Britain and globally’ The conclusion comes from an analysis conducted by the Big Innovation Centre, DAG Global, and Deep Knowledge Analytics — as well as the all-party parliamentary group on blockchain — which has reportedly found that Britain possesses all of the essential resources needed to Read More The post UK Poised to Lead Cryto and Blockchain Economies, New Report Claims appeared first on Bitcoinist.com.

2018-7-16 18:00


Ôîòî:

New prevention scaling by performance test

Whiteblock Inc., a blockchain testing company, has announced completion of a performance analysis report conducted for its latest client, Ubiq Technologies. Ubiq collaborated with Whiteblock’s Blockchain Testing as a Service (BTaaS) team to benchmark performance and identify the correlation between block gas limits and transactional throughput for the Ubiq blockchain platform. The BTaaS conducted the

2018-7-15 08:33