Skip to Content

New York attorney general to crypto exchanges: Please, tell us more about yourselves

April 17, 2018

Pushing for transparency in the “virtual currency marketplace,” New York’s attorney general has launched a “fact-finding inquiry” into the practices of 13 cryptocurrency trading platforms.

A global trend: Policymakers around the world are scrutinizing digital currency exchanges, the bridges between the worlds of fiat money and cryptocurrency. These entities tend to operate with much less transparency than platforms for trading conventional assets, like securities or derivatives (see “What the Coincheck hack means for the future of blockchain security”).

Question and answer: The office of Eric Schneiderman, New York’s attorney general, sent a letter to each exchange that included a questionnaire touching on a range of topics, including fees, trading policies and procedures, protection of customer assets, safeguards against conflicts of interest and fraud, security against money laundering, and the use of bots.

Sunlight as disinfectant: “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement.

To keep up with the fast-moving world of cryptocurrencies and blockchains, subscribe to our twice-weekly newsletter, Chain Letter. It’s free!

Keep Reading

Most Popular

Here’s how a Twitter engineer says it will break in the coming weeks

One insider says the company’s current staffing isn’t able to sustain the platform.

Technology that lets us “speak” to our dead relatives has arrived. Are we ready?

Digital clones of the people we love could forever change how we grieve.

How to befriend a crow

I watched a bunch of crows on TikTok and now I'm trying to connect with some local birds.

Starlink signals can be reverse-engineered to work like GPS—whether SpaceX likes it or not

Elon said no thanks to using his mega-constellation for navigation. Researchers went ahead anyway.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at with a list of newsletters you’d like to receive.