Cryptocurrency Q&A
Is CoinEx not allowed in the US?
Is CoinEx not allowed in the US?
Daniela
Sat Sep 28 2024
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6 answers
1031
Excuse me, could you clarify something for me? I've been hearing conflicting information about CoinEx and its accessibility in the United States. Is it true that CoinEx is not allowed or accessible for users located in the US? I'm trying to do some research and make informed decisions about which cryptocurrency exchange platforms to use, and I want to ensure I'm compliant with all relevant regulations. Could you please provide some clarity on this matter? Thank you for your time.
6 answers
EnchantedSky
Mon Sep 30 2024
In a move that underscores the gravity of the offense, the Attorney General has ordered CoinEx to refund USD 1.1 million to affected investors in New York. This substantial amount highlights the need for transparency and accountability in the cryptocurrency space.
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charlotte_wright_coder
Mon Sep 30 2024
Furthermore, CoinEx has been mandated to pay an additional USD 600,000 in penalties to the state. This significant financial penalty serves as a strong deterrent for future misconduct and emphasizes the legal consequences of violating securities and commodities laws.
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StarlitFantasy
Mon Sep 30 2024
As part of the sanctions, CoinEx has been banned from offering, selling, or purchasing securities or commodities within the state of New York. This restriction significantly limits the platform's reach and impact within the state's jurisdiction.
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Riccardo
Mon Sep 30 2024
Moreover, the Attorney General has prohibited CoinEx from making its platform available to New York residents. This ban underscores the commitment to safeguarding investors from potentially fraudulent or unscrupulous practices.
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ThunderBreezeHarmony
Mon Sep 30 2024
The New York Attorney General has recently taken decisive action against the cryptocurrency exchange CoinEx. The regulatory body has imposed stringent penalties on the platform, aiming to protect investors and maintain market integrity.
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