New York Attorney General Eric Schneiderman is ramping up pressure on cryptocurrency exchanges to increase transparency in an industry that prizes anonymity and light regulation.
The attorney general office’s on Tuesday sent a letter—part of an initiative by Mr. Schneiderman to bring clarity to these highly speculative and volatile markets—requesting information from 13 exchanges specializing in bitcoin and other cryptocurrencies, saying investors often don’t have the basic facts needed to protect themselves.
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