The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers.
Kraken Rails Against Attorney General’s ‘Disrespect’
In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business.
Jesse Powell, chief executive officer of Kraken
When it launched the Initiative April 17, Schneiderman’s office explained it was “requesting disclosures on their operations, use of bots, conflicts of interest, outages, and other key issues” with the aim of “protecting consumers.”
Kraken announced on Tuesday the suspension of its services to Japanese residents. “The exact dates for suspending trading and funding have not yet been determined,” the exchange wrote, adding that tentatively the last day for deposits is “around mid-May,” the last day for trading is “around mid-June,” and the last day for withdrawals is “around end-June.” Kraken elaborated: 
