Is COINEX banned in New York?

Inquiring minds may want to know: is COINEX, a well-known cryptocurrency exchange, subject to any restrictions or bans in the state of New York? With the increasing regulation surrounding digital assets and cryptocurrencies, it's essential for investors and traders to stay informed on potential restrictions or legal requirements. New York, specifically, has implemented strict rules governing the operation of virtual currency businesses. So, does this apply to COINEX, and if so, what are the implications for users in the state? Clarifying this information could help traders make informed decisions regarding their cryptocurrency investments.