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Cryptocurrency Exchanges Get ‘Fact-Finding’ Letter from New York

  • Schneiderman seeks information on companies’ internal controls
  • Regulators around the world scrutinizing digital currencies
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Photographer: Akos Stiller/Bloomberg
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New York Attorney General Eric Schneiderman asked 13 cryptocurrency exchanges for detailed information about their operations as part of a "fact-finding inquiry."

Schneiderman said in a statement Tuesday that he sent letters to the exchanges seeking information on their internal controls and how they protect customer assets. The inquiry is part of an effort called the Virtual Markets Integrity Initiative, a program he says is intended to "increase transparency and accountability" on platforms used to trade cryptocurrencies and inform enforcement agencies, investors and consumers.