New York Senate Authorizes NYDFS to 'Assess' Crypto Firms

The New York State Senate is boosting the state’s Division of Monetary Companies (NYDFS) efforts to supervise the cryptocurrency sector. The Senate handed its fiscal 12 months 2023 finances early Saturday, which included a provision tasking NYDFS with growing a brand new “evaluation” or cost for the cryptocurrency corporations it oversees to convey its oversight mandate in digital currencies according to how the regulator oversees extra conventional banks and monetary providers corporations.



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