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The assessment charges, proposed in December, will help the New York regulator bring in additional resources and hire more staff to expand its virtual currency unit, the agency said. The assessment fees will in part be based on a formula of a crypto firm’s size and complexity, Ms. Harris said at the conference. The assessment, she said, will ultimately “go a long way toward helping the space grow and helping make sure it grows safely.”Our Morning Risk Report features insights and news on governance, risk and compliance.
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Tell me again why anyone would operate in New York, Illinois,or California?
Register the firm in another state. New York is a toxic business environment who’s elected officials are economically incompetent.