New York’s Financial Watchdog Is Hiring Another Crypto Superintendent
The specialized crypto unit of the New York Department of Financial Services is beefing up its staff with another hire.
The power plant believes it will remain profitable even after the halving event in May.
The exchange has now added the privacy-enhancing cryptocurrency zcash and its own USDC stablecoin in New York state.
NYDFS is asking all crypto firms operating in New York to prepare detailed plans in case day-to-day operations are disrupted by the coronavirus outbreak.
Andrew Cuomo wants to give the Department of Financial Services more powers in regulating certain licensed entities, including crypto startups.
The crypto exchange will again extend its deadline for New York customers to withdraw funds from their accounts following the regulator's approval.