Cryptocurrency Q&A
Did COINEX fail to register with New York State?
Did COINEX fail to register with New York State?
CryptoLord
Fri Jun 21 2024
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6 answers
1761
In recent months, there have been rumors circulating in the cryptocurrency community about COINEX's registration status with New York State. As a prominent exchange platform, COINEX's compliance with regulatory frameworks is crucial for maintaining its reputation and attracting investors. Could you elaborate on the current status of COINEX's registration with the New York State Department of Financial Services (NYDFS)? Are there any pending applications or recent developments that may affect its operations in the state? Investors and traders alike are keen to understand if COINEX has fulfilled all necessary requirements to operate legally in New York.
6 answers
DigitalCoinDreamer
Sun Jun 23 2024
An investigator from the OAG successfully created an account on CoinEx using a computer with a New York-based IP address.
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Giulia
Sun Jun 23 2024
Using this account, the investigator was able to buy and sell digital tokens, demonstrating that CoinEx was indeed providing services in New York.
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RubyGlider
Sun Jun 23 2024
The regulatory framework in New York mandates that securities and commodities brokers must register with the state prior to operating.
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henry_harrison_philosopher
Sun Jun 23 2024
Despite this requirement, CoinEx, a cryptocurrency exchange, neglected to fulfill the registration process.
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RiderWhisper
Sun Jun 23 2024
However, the key issue remained that CoinEx had failed to register with the state as required by New York law.
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