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Harris announces New York State to collect supervisory costs from licensed crypto businesses

Adrienne Harris
Photo: Paras Griffin/Getty Images for Operation Hope

Julie DiMauro

2 min read
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Adrienne Harris unveils NYDFS process to assess operating costs for virtual currency businesses.

The New York State Department of Financial Services (NYDFS) announced on Monday that it will start charging cryptocurrency firms registered in New York for the costs of annual supervision and examination. 

The new rule applies to those entities holding a so-called Bitlicense, thereby aligning the crypto arena more closely

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