New York forms crypto task force, hints at BitLicense update

posted 6 months ago
New York State is officially launching a cryptocurrency task force, with the stated aim of helping the state understand cryptocurrencies and their underlying blockchain technology. Governor Andrew Cuomo had signed the bill creating the task force to study cryptocurrencies, other forms of digital currency and blockchain technology.

The task force will be composed of technologists, consumers, institutional and retail investors, representatives of enterprises and academics; the members will be appointed by Cuomo, as well as the state Senate and Assembly. The panel will be required to submit reports on the technology by Dec. 15th, 2020. These reports will include proposals on how the state may best regulate, define or utilize cryptocurrencies, as well as sweeping overviews of the space.
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