Recently New York State became the first state to create a Cryptocurkatime Task Force to study, define, and utilize how to correctly control Cryptocorurientity. NYS Governor, Andrew Cuomo, last week just signed into law DIGITAL CURRENCY STUDY BILL, A8783B / S9013.
Members of the task force appointed by the Governor, Senate and Assembly will have to submit reports by December 15, 2020. Technologists, customers, institutional and small investors, large and small blockchain enterprises and academics.
These main objectives are to prepare a report on the development of digital currencies and regulations on the development of blockchain industries in the state, the interaction of Cryptocorrants and Local Tax Receipts, and the transparency of the digital currency market. The task force is also required to provide the number of digital currencies and exchanges in the state of New York, large investor information as well as the power utilization for coin mining operations.
Task Force also provides a review of laws and regulations in the digital market to control market currency used by other states, federal government, foreign countries, and foreign political and economic associations. "
Clyde Wane, NYS Assemblyman, Subcommittee Chair in Internet and New Technologies, said:
"The country leads in New York finance, which will also lead to proper limiting control." The Expert Task Force helps us to balance a strong blockchain industry and the Cryptocorteat Economic Environment while protecting New York investors and customers. "
New York State Assembly member Ed Raw or opinion,
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