In the US, New York Attorney General Letitia James has ordered the cessation of the activities of two unnamed cryptocurrency lending platforms.
The two cryptocurrency platforms have given users in New York the attorney general’s office. without registration, illegal It has been announced that it offers lending service in a way.
In New York, organizations that serve financial instruments that qualify as securities under the Martin Act are required to register with the attorney general’s office.
In a statement made on Monday, it was stated that crypto money lending platforms fall within the scope of the Martin Law. The law was put in place to protect investors in New York against fraud.
Attorney General Letitia James has requested information on their activities from three separate platforms, as well as instructing the two cryptocurrency platforms to cease operations.
“Cryptocurrency platforms, like everyone else, have to comply with the law.” said Attorney General James, “Today’s legal action has sent the message that we will not hesitate to do whatever is necessary against companies that think they are above the law.” made the statement.