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Bill > S09013
NY S09013
NY S09013Creates the 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.
summary
Introduced
06/13/2018
06/13/2018
In Committee
06/13/2018
06/13/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to establish the digital currency task force; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill establishes 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, including cryptocurrencies, on financial markets in the state. The task force will consist of nine members appointed by the governor, legislative leaders, and minority leaders, and will submit a report by December 15, 2020 covering various aspects of the digital currency industry in New York, such as market share, exchange operations, tax impacts, investment entities, energy consumption, transparency, and potential for market manipulation and illegal activities. The report will also include legislative and regulatory recommendations, if any, to address the long-term impact of cryptocurrency usage.
Sponsors (1)
Last Action
SUBSTITUTED BY A8783B (on 06/19/2018)
Official Document
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