NY Governor: Crypto Firms Should Cover Costs of Regulatory Oversight to NYDFS 

Governor Andrew Cuomo claimed ‘Cryptocurrency entities licensed under New York’s Financial Services Law (FSL) should pay the costs of regulatory management. ‘To require virtual currency-related entities within the FSL jurisdiction settle the accounts for examination and inspection conducted by New York State Department of Financial Services (NYDFS) the Democratic Governor purportedly wants the state authorities to amend the FSL

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