Kraken does not intend to respond to the request of the Attorney General of the State of New York. This is reported by Coindesk.
Kraken was among the 13 exchanges that received a letter from Eric Schneiderman. Although most of the trading platforms supported the initiative of the attorney, Kraken decided to take a different position from them.
Kraken's BitLicense-prompted exit from New York in 2015 pays another dividend today. I realized that we made the wise decision to get the hell out of New York three years ago and that we can dodge this bullet.
Kraken left New York in 2015 due to the fact that this state adopted a set of rules for crypto-currency companies called BitLicense. The Exchange called the ruling "a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth."
Powell added that Kraken is ready to cooperate with the government, but condemns Schneiderman's approach.
Why don't you try extracting this information from those businesses actually operating in your state?
Attorney's spokeperson provided a comment:
Legitimate entities generally like to demonstrate to their investors that their money will be protected. This is basic information that credible platforms should all have on hand.
Attorney General's office spokeperson
The set of BitLicense rules turned out to be ineffective, as most crypto-currency companies found it inadequate and simply refused to continue operatng in New York. In February, lawmakers raised the issue of revising or even completely abolishing BitLicense.