Categories
News

New York sues CoinEx, says cryptocurrency exchange failed to register with state

NEW YORK (Reuters) – CoinEx was sued on Wednesday by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business without registering with the state.

Illustration shows representations of cryptocurrency Bitcoin

NEW YORK (Reuters) – CoinEx was sued on Wednesday by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business without registering with the state.

In a complaint filed with a New York state court in Manhattan, James said CoinEx’s activities violated the Martin Act, a powerful state law used to fight financial fraud.

(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)

By Reuters

Reuters, part of Thomson Reuters, is the largest international multimedia news provider in the world with a daily audience of more than one billion. Through Thomson Reuters desktops, the world's media organizations, and Reuters.com and Reuters TV, Reuters provide trusted business, financial, and national news to professionals and consumers alike.