Hong Kong-based cryptocurrency exchange CoinEx has agreed to pay over $1.7 million in agreement with the New York Attorney General (New York AG).
New York AG In an announcement published on his official website on June 15, the New York Attorney General of Letitia James with CoinEx to agreement reported his arrival. unregistered commodity And securities dealer platform allegedly serving as fine and in New York activity ban was brought.
As part of the settlement, CoinEx’s 4,691 New York customer approx. 1.2 million more than a dollar make a refund and to the province 600 thousand more than a dollar to pay a fine It was decided.
your customers 90 days their assets through the platform in cryptocurrency that they can receive and 90 days finally email by US Dollar payment in that they can request reported. In refunds, users 25 April 2023 as of date recorded bill base of balances was declared to be received.
Fine And of the refund Besides the CoinEx’s in the state of New York commodity or securities supply realization and your platform making available in prohibited. Besides, the platform new York with IP address connection requests also blocking stated needed.
Attorney General James, unregistered cryptocurrency platforms consumers for a big risk stating that you created of the agreement New York laws ignoring against all crypto companies alert nature he said he had.
CoinEx, In response to James’ lawsuit platform and all withdraw its services from the United States. announced.
Attorney General James, the past in February to CoinEx unregistered commodity And securities dealer He was sued for his service.