The State of New York plans to research and regulate cryptocurrencies

Home » REGULATIONS » The State of New York plans to research and regulate cryptocurrencies
The State of New York plans to research and regulate cryptocurrencies

The State of New York is considering the possibility of creating an ad-hoc working group to study the impact of  cryptocurrency on financial markets. The Banking Committee of the State Legislature has already voted for the adoption of the relevant bill.

The main task of the group, which will include nine people, will be preparation of reports on the impact of regulation on the development of the digital currency industry and blockchain technology in the state, the impact of cryptocurrency on local tax revenues, and the transparency of the digital currency market.

In addition, researchers should prepare information on the number of digital currencies and exchanges in the state, large investors in this area and energy costs for mining cryptocurrency.

It is assumed that the report will also contain an overview of various bills that are used to regulate the cryptocurrency market by other states.

In the process of research, the members of the group will be able to consult with any organization, government agency or individual. It is expected that the report will be submitted to the governor, the provisional president of the Senate and the speaker of the legislative assembly until December 2019.

  • bitcoinBitcoin$3,947.44
  • ethereumEthereum$146.26
  • rippleXRP$0.325712
  • tetherTether$1.00
  • eosEOS$3.81
  • stellarStellar$0.088827
  • litecoinLitecoin$50.71
  • cardanoCardano$0.046919
  • tronTRON$0.024848
  • moneroMonero$50.90
  • iotaIOTA$0.309634
  • nemNEM$0.043409
  • dashDash$86.78
  • neoNEO$9.05
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 12
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 39
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 15
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 11
© 2017–2018