New York Adopts Regulation For Crypto Company Supervision, Enhancing Safety And Consumer Protection

The post New York Adopts Regulation For Crypto Company Supervision, Enhancing Safety And Consumer Protection appeared first on Coinpedia Fintech News In a significant move to strengthen the oversight of the burgeoning crypto industry, the New York Department of Financial Services (NYDFS) has adopted new regulations aimed at enhancing consumer protection and ensuring the safety and soundness of crypto companies. Under the new framework, companies will be required to comply with rigorous standards for capitalization, cybersecurity …