Bitfinex Broke BitLicense Limitations, Maintains NYAG
Cryptovest
Published Jul 09, 2019 09:16AM ET
Updated Jul 09, 2019 10:21AM ET
Bitfinex Broke BitLicense Limitations, Maintains NYAG
The New York Attorney General will not give up on the Bitfinex case, recently presenting evidence that the exchange operator continued to serve New York state residents without owning a Bitlicense. The NYAG filed a Memorandum of Law in Opposition in the case against iFinex, blocking the iFinex motion to dismiss the case. Thus, NYAG gains another foothold against the exchange’s activity.
“...Even a cursory examination of the facts gathered to date in the OAG's investigation shows that Respondents have extensive and consistent contacts to New York concerning the matters under investigation,” the document states.
Bitfinex had clients in New York and held tw...
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