In today’s Bitcoin in Brief we are focusing on some truths that have been uttered recently in regards to the latest attempt by authorities in New York to cross borders, when it comes to crypto controls and regulations. Also, crypto T-shirts, inspired by digital aesthetics, have been put on sale. Do you want to know why their design is a bit old-fashioned? Crypto markets are to blame…
Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank
Speaking from Crypto Perspective
Kraken CEO, Jesse Powell, has been praised for saying what many in the crypto community have been thinking about the latest actions by authorities in New York. The state’s Attorney General, Eric Schneiderman, has sent letters to 13 crypto exchanges as part of his inquiry into policies and practices employed by the trading platforms. “Consumers have the right to transparency and accountability when they invest,” Schneiderman said, adding that many cryptocurrency traders do not have access to the “basic facts” needed to assess the integrity and security of these platforms.
Eric Schneiderman
Not complying with Schneiderman’s probe, Jesse Powell has refused to send complete the questionnaire, opt instead to respond with strong-worded language. “Kraken’s BitLicense prompted exit from New York in 2015 pays another dividend today. When I saw this 34-point demand, I immediately thought ‘The audacity of these guys – the entitlement, the disrespect for our business, our time! […] I realized that we made the right decision to get the hell out of New York,” he said in a Twitter post. Kraken’s chief executive was referring to the controversial licensing regime for crypto companies in the state.
Thanks for the Ethical Stance!
In his post, Powell also said that his company would be
