Jesse Powell jespow) Twitter

Earlier this week, New York Attorney General Eric Schneiderman began an inquiry into the operations of popular cryptocurrency exchanges. Powell wrote Wednesday that Kraken is generally happy to engage with government bodies but criticized the AG's approach, adding: "Why don't you try extracting this information from those businesses actually operating in your state?".

Jesse Powell - Co-Founder, CEO - Kraken Exchange LinkedIn

Powell said the last time exchanges complied with New York's request for information, they were encumbered with the BitLicense. Cookie Use and, data Transfer outside the. "The regulatory structure that we created for virtual currency has helped our licensed companies attract greater interest from customers, investors, and potential financial services partners  New York Department of Financial Services superintendent Maria Vullo said last week.

Jesse Powell - Founder CEO @ Kraken Bitcoin Exchange

They are at the heart of our company and drive everything. Kraken CEO Jesse Powell had strong words for New York regulators who sought to compel the San Francisco-based exchange to participate in its new Virtual Market Integrity Initiative, which demands that trading platforms be more transparent. Disclosure: I own Bitcoin and Ether.

Jesse Powell - CEO of Kraken - WeUseCoins

Then I realized that we made the right decision to get the hell out of New York three years ago and that we can dodge this bullet. Bitcoin is more than just a new way to make purchases.

Kraken cryptocurrency exchange says it will not comply with

Powell was the first dissenting voice. We believe in having a laser focus when pursuing our strategic goals and participate only in markets where we can make a significant contribution. "The resource diversion for this production is massive.

Insulting : Kraken Refuses to Comply with New York s Crypto

As he alluded in his comments, Kraken ceased operations in New York in 2015 as part of the Great Bitcoin Exodus that occurred after the states Department of Financial Services (nydfs) introduced the controversial. This is going to completely blow up our roadmap! When I saw this 34-point demand, with a deadline 2 weeks out, I immediately thought The audacity of these guys the entitlement, the disrespect for our business, our time! Featured image from economist Test Prep.

Kraken CEO Jesse Powell: New York is hostile to crypto, AG is tone

Kraken announced that it would leave the state in 2015 due to the BitLicense, New York's cryptocurrency regulatory framework. . We put our clients best interests first and foremost. Bitcoin articles by or related to Jesse Powell. Image Credit: lev radin / m, the leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.