First US Crypto Task Force Set to Launch in New York

Dima Zaitsev, Head of International PR at ICOBox, comments on the latest news from the US

New York State’s Governor Andrew Cuomo has just signed a digital currency study bill which creates a cryptocurrency task force. The news was announced by Clyde Vanel, New York State Assemblyman and the chair of the subcommittee on internet and new technologies. He explained that the newly created task force will be looking for ways to best serve the interests of both the blockchain industry and investors. The idea is to promote a healthy, robust cryptocurrency economy while also protecting New York consumers and investors.

The task force will be comprised of tech and blockchain sector experts, researchers, and representatives of the investor and business community. The report on its findings is expected to be delivered Dec. 15, 2020.

New York State has been one of the main US cryptocurrency centers for quite some time, and the creation of the first US crypto task force will propel it further towards becoming the global hub for innovation.

Blockchain market players are in agreement that the industry is in dire need of sensible and thorough regulation and enhanced transparency, and Gov. Cuomo’s move demonstrates that his administration is listening.

“Clear rules of the game and access to capital are vital for the crypto market development. I hope that the NY study will help draft the laws that will be a win-win for both the industry and the investment community,” — says Dima Zaitsev, ICOBox Head of International PR.