Crypto fraud: updates from New York’s financial regulator

Important news regarding crypto fraud. It is the New York financial regulator that is setting the tone, recently updating its monitoring tools against crypto fraud. Let’s look in detail at what has happened. New York financial services implements controls for crypto fraud The New York State Department of Financial Services has strengthened its ability to detect fraud in the virtual currency industry by building on previous guidelines on preventing illicit activity. Its enhanced ability to identify insider trading and market manipulation in New York State-regulated companies engaged in virtual currency activities comes at a time when the cryptocurrency industry remains