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04.11 - 03:05
NY AG directs 2 crypto firms to shut down, investigates 3 others
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The New York Attorney General’s office has alleged two unnamed crypto lending platforms operating in the state have engaged in unlawful activities and ordered three others to provide information on their businesses.
In an Oct. 18 announcement, the New York Attorney General’s office said it had ordered two crypto lending platforms — at the time of publication, the names were still redacted — to “cease any and all such activity” relating to selling or offering securities and commodities within ten days. Attorney General Letitia James also requested three crypto businesses operating in New York — with names redacted — to provide details on its lending products, policies, procedures, clients in the state, and other relevant information.
“My
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