New York financial regulator sets up new division to police cryptocurrency businesses

The New York State Department of Financial Services has announced the propel of a new division which will swallow the regulators running section that superintends cryptocirculation businesses in the state.

In a statement released yesterday_ financial services inspector Linda Lacewell announced the regulators new investigation and alteration division. The new division will be responsible for “care pace” with technological outgrowths in banking_ insurance_ and fintech. In being_ it appears the division will be tasked with assessing new financial technologies and devising suitable regulations.