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BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York

The rule was included in New York State’s FY2023 budget signed into law on April 9th by Governor Kathy Hochul giving the state’s Department Of Financial Services (DFS) a “new authority to collect supervisory costs from licensed virtual currency businesses,” according to a statement by the DFS.

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Source: Cryptocurrency - investing.com

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