A months-long investigation by the New York Attorney General’s office found that cryptocurrency exchanges are vulnerable to market manipulation and fall short on consumer protection.a 32-page report published Tuesday, the attorney general’s office highlighted issues of “transparency, fairness, and security” in crypto trading. The “Virtual Markets Integrity Report” said that in many cases, exchanges are not doing much to stop unfair market practices. according to the report by Attorney General Barbara Underwood’s office ” The industry has yet to implement serious market surveillance capacities, akin to those of traditional trading venues, to detect and punish suspicious trading activity,”
Read more at CNBC
—————————————————————————————————————–
Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.