New York’s Financial Services Regulator Moves to Bill Crypto Firms for Supervision
- Would align with existing policies for non-crypto firms
- Revenue could help agency add to its virtual currency team
Adrienne Harris, superintendent of New York State Department of Financial Services.
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
New York state’s financial regulator has proposed rules that would allow it to charge cryptocurrency companies it oversees for the costs related to supervising them.
The New York State Department of Financial Services said Thursday that it was seeking public comment on proposed changes that would allow for the charges and help the agency “continue adding top talent to its virtual currency regulatory team.”