New York directs two cryptocurrency lending platforms to cease activity

FILE PHOTO: New York State Attorney General Letitia James in New York City, U.S., November 19, 2019. REUTERS/Lucas Jackson

(Reuters) - Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their business.

The move comes weeks after New York Attorney General Letitia James won a court order forcing the closure of cryptocurrency exchange Coinseed.