in Cryptocurrency

New York Regulators Require Crypto Firms to Submit Coronavirus Plans

199 Views

New York Regulators Require Crypto Firms to Submit Coronavirus PlansNew York Regulators Require Crypto Firms to Submit Coronavirus Plans

New York City’s mayor Bill de Blasio declared a state of emergency in response to the coronavirus outbreak yesterday. “The only analogy is war,” he said — and the consequences for the crypto industry, as for all others, are sobering.

Even ahead of de Blasio’s action, the New York Department of Financial Services (NYDFS) sent a letter to all regulated institutions engaged in crypto-related activities on March 10, asking them to submit detailed “preparedness plans” to address the historic risk:

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

China pumps $79 billion into economy with bank cash reserve cut

After initial grief, new widows must reexamine their finances