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Partner Kayvan Sadeghi was quoted on New York’s regulatory record and enforcement actions on cryptocurrency, after the state recently issued a multi-million dollar fine against the cryptocurrency companies behind the stablecoin Tether.
While noting that the size of the settlement was not particularly significant in comparison to the overall market for Tether, Kayvan said that some clients already tried to avoid New York even prior to these actions, due to New York’s BitLicense registration requirements.
Read the full article here.