NYDFS calls for crypto firms to use blockchain analytics
The proposed regulation built upon a rule signed into law in April granting the NYDFS “authority to collect supervisory costs from licensed virtual currency businesses.” Harris said the rule would help bring regulations of crypto firms in line with those imposed on banks and insurance companies. According to the NYDFS, the proposal will initially be open to public comment for 10 days, then an additional 60 days upon publication in the state register.
NYDFS calls for crypto firms to use blockchain analytics
The proposed regulation built upon a rule signed into law in April granting the NYDFS “authority to collect supervisory costs from licensed virtual currency businesses.” Harris said the rule would help bring regulations of crypto firms in line with those imposed on banks and insurance companies. According to the NYDFS, the proposal will initially be open to public comment for 10 days, then an additional 60 days upon publication in the state register.
