Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Kraken => Topic started by: felixesteban on April 19, 2018, 05:00:15 PM
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San Francisco-based cryptocurrency exchange Kraken isn't planning to respond to the New York Attorney General's newly unveiled inquiry into the ecosystem.
Kraken was one of 13 exchanges that received a letter from New York Attorney General Eric Schneiderman on Tuesday as part of his new inquiry into cryptocurrency exchanges, as previously reported. While most exchanges generally welcomed the inquiry and said they would fill out the attached questionnaire, Kraken took a different tack when reached for comment.
"Kraken's BitLicense-prompted exit from New York in 2015 pays another dividend today," CEO Jesse Powell said via email early Wednesday morning.
Powell made it clear that Kraken does not intend to answer the questionnaire, saying:
"I realized that we made the wise decision to get the hell out of New York three years ago and that we can dodge this bullet."
Kraken announced that it would leave the state in 2015 due to the BitLicense, New York's cryptocurrency regulatory framework. In a blog post at the time, the exchange called the law "a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth."
https://www.coindesk.com/kraken-ceo-crypto-exchange-wont-comply-with-new-york-inquiry/