NY Attorney General: Cryptocurrency exchanges lack security, fairness, and integrity

Cryptocurrency exchanges may not be as safe as we first thought. A report from the state of New York’s attorney general has revealed that most exchanges do not have basic consumer protections in place, leaving them vulnerable to manipulation. “Many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security of their exchanges,” state Attorney General Barbara Underwood said in a statement. “Most platforms seem to cater to professional, automated traders, with many venues offering special pricing and other features to such traders, leaving retail customers at a disadvantage.” As pointed out by The…

This story continues at The Next Web

https://ift.tt/2QFCuIa Matthew Beedham September 19, 2018 at 06:00AM