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New York finance regulator to bill crypto firms for annual supervision
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fnlondon.comThe New York State Department of Financial Services said it would start charging cryptocurrency firms registered in the state for the costs of annual supervision and examination.
The new rule, adopted 17 April and applying to those holding a so-called Bitlicense, aligns the crypto sector more closely with how the agency bills insurance and banking firms in New York for the assessment fees that fund the agency’s operations.
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