probs redundant but maybe helpful

Bare with a total cryptochoob here folks…

So i know this is literally copy and pasted from wikipedia but it helped me as a newcomer feel legitimized by my entrance into crypto…

Compliance\[[edit](https://en.wikipedia.org/w/index.php?title=Bitstamp&action=edit&section=3)\]

In a September 2018 report by from the [New York Attorney General](https://en.wikipedia.org/wiki/New_York_Attorney_General) office conducted a survey of fourteen virtual currency exchanges to gather information aimed at creating greater transparency regarding security, anti-hacking measures and business practices. Bitstamp was among ten platforms that responded. In the 42-page “Virtual Markets Integrity Initiative Report”, it is noted that of the ten that responded, Bitstamp was among the seven that confirmed that they had sought approval, directly or through a subsidiary, from the New York State Department of Financial Services (“DFS”) to operate a virtual currency business in [New York State](https://en.wikipedia.org/wiki/New_York_State). The report goes on to say that such approval implies an agreement to actively protect deposited funds, prevent money laundering and illegal activity, and respond to other risks. Bitstamp was one of two exchanges that claimed to block access to their exchange by [VPNs](https://en.wikipedia.org/wiki/VPN). In addition to providing fee policies, Bitstamp also claimed to conduct audits of their virtual currency holdings.[\[10\]](https://en.wikipedia.org/wiki/Bitstamp#cite_note-11)

That said, is Bitstamp going to join in on this whole flare/spark token ledger thing which I haven’t taken the time to understand yet? If no what do I do and if yes.. also… what do I do with my holdings..

Again apologies if this is cringe or redundant or obnoxious..

P.S. Anyone know the other 6 that confirmed approval? My first guesses are: BTC, ETH, BCH, LTC, XLM, and PAX… which are the only other currencies available in Bitstamp that I am aware of.. lol also, is that suspicious?

Peace and lubb