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New York shuts down 2 crypto firms for unlawful activities and investigates 3 others

New York Attorney General James Directs Unregistered Crypto Lending Platforms To Cease Operations In New York, Announces Additional Investigations - Today s Announcement Follows Previous Warnings To Virtual Currency Platforms That Unlawful Activity Will N

New York Attorney General Letitia James today announced new efforts she is taking to protect New York investors, and the trading markets more generally, from exploitation by high-risk virtual currency schemes. Virtual or “crypto” currency lending platforms are essentially interest-bearing accounts that offer investors a rate of return on virtual currencies that are deposited with them.

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