Flaws Identified in New York Regulator's BitLicense Operations Prompt Action
New York's BitLicense operations face scrutiny as a report by the State Comptroller reveals significant flaws. Concerns include inadequate due diligence, delays in processing applications, and neglect of oversight measures. Recommendations for improvement have been suggested, prompting the NYDFS to acknowledge the need for refinement in its processes. The findings emphasize the urgency of addressing these issues to uphold the integrity of cryptocurrency regulation in the state.
Cheng Yuan
