United States of America: Announced New York AG investigation into Coin Cafe over alleged misleading statements in regard to its services
Description
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.
Original sourceScope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
executive
Government Body
central government