Kraken Cryptocurrency Exchange Says It Will Not Comply with New York Inquiry

By Evelyn Cheng

The head of a major cryptocurrency exchange will not comply with the New York attorney general's request for information.

"The resource diversion for this production is massive. This is going to completely blow up our roadmap!" Kraken co-founder and CEO Jesse Powell said Wednesday on Twitter.

"Then I realized we made the wise decision to get the hell out of New York three years ago and that we can dodge this bullet," Powell said. "Ordinarily, we're happy to help government understand our business, however, this is not the way to go about it." 

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Source: CNBC (via Empire Report New York)