New York’s Crypto BitLicense Oversight by DFS Criticized by State Comptroller DiNapoli

by Jeremy

The doc accused the company – nonetheless the one U.S. regulator with a complete algorithm for doing crypto enterprise – of falling quick in a number of areas, together with lacking fingerprint info, unavailable background on candidates’ tax obligations, lengthy lags between threat assessments on candidates and their eventual approvals, lacking monetary info and inadequate cybersecurity compliance from BitLicensees.

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