Cryptocurrency Q&A
Is COINEX banned in New York?
Is COINEX banned in New York?
CharmedClouds
Sat Jun 22 2024
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7 answers
1402
Inquiring minds may want to know: is COINEX, a well-known cryptocurrency exchange, subject to any restrictions or bans in the state of New York? With the increasing regulation surrounding digital assets and cryptocurrencies, it's essential for investors and traders to stay informed on potential restrictions or legal requirements. New York, specifically, has implemented strict rules governing the operation of virtual currency businesses. So, does this apply to COINEX, and if so, what are the implications for users in the state? Clarifying this information could help traders make informed decisions regarding their cryptocurrency investments.
7 answers
Elena
Mon Jun 24 2024
In accordance with the recent consent order, CoinEx has been barred from engaging in the offering, sale, or purchase of securities and commodities within the jurisdiction of New York.
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Federico
Sun Jun 23 2024
The move represents a significant setback for CoinEx in the US market, limiting its ability to attract and retain customers in the region.
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KpopStarlet
Sun Jun 23 2024
This prohibition extends to the provision of its platform and services in the state, effectively restricting its operations within the New York market.
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CryptoLord
Sun Jun 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that may appeal to CoinEx's former US customers.
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Carlo
Sun Jun 23 2024
The decision comes as a result of Attorney General James' lawsuit against CoinEx, highlighting regulatory concerns regarding the cryptocurrency exchange's practices.
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