NYDFS and Wyoming Sign MOU on Virtual Currency Oversight
- —NYDFS and Wyoming signed an MOU on virtual currency oversight
- —The agreement aims for regulatory consistency between the two states
- —Acting Superintendent Kaitlin Asrow stressed the importance of the partnership
- —The MOU takes effect immediately and covers consumer protection and compliance
Why it matters: Harmonized state rules could simplify compliance for crypto firms and set a precedent for other U.S. regulators.
Source: Coinfomania