New York AG offers law to crack down on backfire-happy cryptocurrencies
New York State Attorney General Letitia James has proposed a law that would ban cryptocurrency exchanges from trading their own tokens, which in turn might save folks from burning their fingers on erratic or errant assets and investments.is wide-sweeping legislation that would crack down on the crypto-coin industry and perhaps prevent future market meltdowns.
This is all meant to save people from losing their money on coins that were created and managed by exchanges and brokers – a startling conflict of interest, potentially – and from losing their money when a biz secretly bets their savings or account holdings on iffy investments. "All investments are regulated to account for every penny of investors' money — cryptocurrency should be no exception. These commonsense regulations will bring more transparency and oversight to the industry and strengthen our ability to crack down on those that don't pay respect to the law."
Belgique Dernières Nouvelles, Belgique Actualités
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