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How intent-based crypto exchanges workNew York Attorney General Proposes Sweeping Legislation to Regulate Crypto and Digital Assets exchanges in the securities markets;[16]; digital asset brokers. Many common practices for crypto exchanges would also be outlawed entirely, such as cross-ownership of digital asset issuers, marketplaces. KuCoin, a Seychelles-registered cryptocurrency exchange, has settled with New York State for $22 million over operating an unregistered.
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