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NY’s AG has banned Bitfinex and Tether from trading in the state of New York and penalized them $18.5 million.
New York Attorney General Letitia James is requiring Bitfinex and Tether, two crypto-currency trading platforms, “to end all trading activity with New Yorkers.” Her reason for the exile? Their practices are allegedly “fraudulent and deceptive” and the crypto-traders are “hiding approximately $850 million in losses around the globe,” the New York A.G. says in a...
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