Saturday, May 25, 2024
9.6 C
London
HomeCrypto EconomyThe financial regulator in New York has adopted a rule for evaluating...

The financial regulator in New York has adopted a rule for evaluating virtual currencies,

According to statements by the head of the regulatory body, Linda Harris. This measure aims to increase transparency and security in digital currency transactions and encourage the shift to this type of currency.

The New York Department of Financial Services aims to increase control and better regulate the virtual currency market, and provide greater protection for investors and consumers in this field.

The adoption of this rule comes at a time when interest in digital currencies is increasing, and their use is growing in various fields, which requires clear and reliable legislation and procedures to deal with them. This step reflects the commitment of the New York Department of Financial Services to enhance its ability to face the challenges facing the virtual currency market and maintain the safety of investors.

SourceCoinDesk

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more