Manhattan DA Pushes Criminal Penalties for Unlicensed Crypto Operators

The Manhattan District Attorney's office is advocating for criminal penalties against unlicensed cryptocurrency operators in New York. This initiative aims to enhance regulatory oversight and protect consumers from potential fraud and financial risks associated with unregulated crypto activities. The DA's office is working on legislation that would impose stricter consequences for those engaging in crypto transactions without proper licensing. This move reflects growing concerns about the lack of regulation in the rapidly evolving cryptocurrency market.

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