United States of America: New York AG investigation into Coin Cafe over misleading statements in regard to its services
Progress
Current status
in force
18 May 2023 in force
06 Oct 2022 under deliberation
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
subnational
Timeline of events
Reached settlement in New York AG investigation into Coin Cafe over misleading statements in regard to its services
On 18 May 2023, the Attorney General (AG) of New York issued announced that it reached a settlement in the investigation into Coin Cafe over misleading statements in regard to its services. The AG stated that Coin Cafe initially attracted investors …
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
central government
Announced New York AG investigation into Coin Cafe over alleged misleading statements in regard to its services
On 6 October 2022, the Attorney General (AG) of New York opened an investigation into cryptocurrency company Coin Cafe, Inc. (Coin Cafe). The AG aims to investigate the Coin Cafe fee structure regarding wallet storage.
SourceEvent type
investigation
Action type
announcement
Government branch
executive
Government body
central government