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NY partially bans cryptocurrency mining for next two years
Read the latest news on New York to learn more about the city, blockchain and crypto startups and recent news with our New York news section. If enacted in its current form, the Act would be the most comprehensive cryptocurrency and digital asset legislation in the United States. Among other things. KuCoin, one of the world's largest cryptocurrency exchanges, has agreed to block New York users from its platform and pay $22 million to.

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But even those banks would still not be permitted to act as both a digital asset market and a broker, issuer, or adviser; nor would they be permitted to effect transactions in any digital asset they issued. Policymakers in New York, in other states, and in Washington should view this proposal as one promising example of how investor and consumer protection measures based on existing regulatory frameworks might be used to prioritize investor and consumer protection for investors exposed to crypto, rather than invent new industry- friendly rules out of whole cloth. We Value Your Privacy We use cookies to enhance your browsing experience, serve personalized content, and analyze our traffic. I applaud Attorney General James for her continued leadership and efforts to enforce the rule of law and protect vulnerable New Yorkers, who stand the most to lose.