Cryptocurrency
CME’s Crypto Partners Get Called Out by New York Regulators via @crypto
As reported by Bloomberg Crypto, “Three of the cryptocurrency exchanges that help power CME Group Inc.’s Bitcoin futures market have raised red flags with New York state regulators. “Two of them, Bitstamp and itBit, have no formal policies for fighting market manipulation, according to report issued Tuesday by New York Attorney General Barbara Underwood. A third — […]
As reported by Bloomberg Crypto, “Three of the cryptocurrency exchanges that help power CME Group Inc.’s Bitcoin futures market have raised red flags with New York state regulators.
“Two of them, Bitstamp and itBit, have no formal policies for fighting market manipulation, according to report issued Tuesday by New York Attorney General Barbara Underwood. A third — Kraken, which refused to participate in the attorney general’s review — has made ‘alarming’ public comments about abusive trading, including that manipulation ‘doesn’t matter to most crypto traders’ even though ‘scams are rampant.'”