New York becomes the first U.S. state to create a crypto task force24

Governor Andrew Cuomo signed a bill last month to establish a “digital currency task force” for the state of New York, according to a statement from Assembly Member Clyde Vanel. Vandel added that “New York leads the country in finance. We will also lead in proper fintech regulation. The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers.”

The task force will be made of nine members including technologists, consumers, enterprises, and investors. According to the bill, it will provide the governor and the legislature “with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems in the state.” The task force’s first task is to submit a report on or before December 15, 2020, including, but not limited to, the following information:

Original source

Add comment

Please Sign in to be able to leave comments.