CryptoWatch: Crypto exchange Kraken may have to comply with New York AG’s push for transparency

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New York Attorney General Eric Schneiderman

At least one exchange is pushing back, claiming “abuse” within a fact-finding mission leveled at 13 cryptocurrency exchanges by the New York Attorney General’s office this week.

On Tuesday, the office of AG Eric Schneiderman sent a letter to 13 digital currency exchanges seeking information to better understand the industry, with the goal of increasing transparency and user protection, it said.

Read: N.Y. Attorney General launches inquiry into cryptoexchanges

Jesse Powell, CEO of Kraken, said Thursday he found the exploration insulting. As scrutiny around the industry grows, most exchanges welcomed the inquiry. But not Powell.

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