In a press release on 01 March 2021, Attorney General Letitia James emphasized a clear message to cryptocurrency industry especially to cryptocurrency companies stating “play by the rules or we will shut you down.” This pronouncement is in pursuance of NY governments stated goal to curtail the operations of fraudulent
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Basics of Cryptocurrency Law in New York
As we’ve mentioned in our other Korean Law Blog, virtual currency or more popularly known as cryptocurrency is a digital representation of value that can be digitally traded or transferred. When holders are using these virtual currencies the transactions are completed via Blockchains (decentralized databases). For article on virtual currency
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