Bill > S07724

This bill creates the New York State Digital Currency Task Force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state. The task force will be comprised of members appointed by the governor, legislative leaders, and the superintendent of the Department of Financial Services. The task force is tasked with examining and evaluating digital currencies within the state, identifying their potential effects on financial markets, reviewing the impact of the Department's BitLicense program, and making recommendations to further utilize digital currencies in the state. The Department of Financial Services is required to submit a report by January 1, 2019, detailing the task force's findings, conclusions, recommendations, and any proposed legislative or regulatory changes.

Business and Industry

https://assembly.state.ny.us/leg/?default_fld=&bn=S07724&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y