New York directs two cryptocurrency lending platforms to cease activity


FILE PHOTO: New York State Attorney General Letitia James in New York City, U.S., November 19, 2019. REUTERS/Lucas Jackson

(Reuters) - Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their business.

The move comes weeks after New York Attorney General Letitia James won a court order forcing the closure of cryptocurrency exchange Coinseed.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

US finalizes $1.5 billion chips award for GlobalFoundries to expand production
KPMG to spend $100 million on AI partnership with Google Cloud
Comcast to spin off some cable TV networks as streaming dominates
DuckDuckGo says Google should face fresh EU probes into compliance with tech rules
Northvolt appoints restructuring expert to oversee main battery plant
Chinese robotaxi firm Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Apple makes $100 million investment proposal for new plant in Indonesia
Apple to urge judge to end US smartphone monopoly case
Japan government plans to invest $1.3 billion in chipmaker Rapidus in FY2025, Nikkei says
Google prosecutors to propose cure for search monopoly

Others Also Read