The New York State Department of Financial Services has implemented a virtual currency assessment regulation

ChainCatcher news, the New York State Department of Financial Services (NYDFS) will require cryptocurrency companies to meet strict standards in capitalization, cybersecurity protection, and anti-money laundering protocols through a virtual currency assessment regulation to determine how crypto companies assess regulatory-related costs. Only companies holding a cryptocurrency license issued by NYDFS are subject to this regulation, and currently, only 22 companies hold that license. (Source link)