The New York State Attorney General Eric Schneiderman decided to test the world's largest cryptocurrency exchanges.

Schneiderman publicly announced on Tuesday about the launch of the Virtual Markets Integrity Initiative, adding that it was a "request for finding facts about policies and practices" of platforms for trading cryptocurrencies. The letter was addressed to 13 cryptocurrency exchanges and contained a list of issues related to "operations, use of bots, conflicts of interest, work stoppages and other key points." This information is provided in a press release on the website of the Attorney General.

"With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Yet too often, consumers don't have the basic facts they need to assess the fairness, integrity, and security of these trading platforms," said Schneiderman in a statement.

Notifications were sent to the operators of such exchanges as: Poloniex, Tidex, Kraken, Binance, Bittrex, itBit, Bitstamp, Gate.io, Bitfinex, Huobi.Pro, GDAX, bitFlyer and Gemini.

Schneiderman is interested in receiving answers to such questions as "internal management and measures taken to protect user assets". Also the cryptocurrency exchanges that operate outside New York due to problems with territorial regulation caught the attention of the Attorney General.