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Questions tagged [not allowed in ny]

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Silvia Silvia Wed Apr 23 2025 | 6 answers 1694

Why is crypto not allowed in NY?

I'm trying to understand why cryptocurrency is not permitted in New York. I've heard that there are some regulations or laws that restrict its use there, but I'm not sure of the specific reasons behind this decision.

Why is crypto not allowed in NY?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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