The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they're the victims of fraud, under a bill proposed by the state's Attorney General Letitia James on Friday, according to media reports.In recent months James has taken actions involving crypto companies Celsius, KuCoin and Nexo, claiming a number of crypto tokens are commodities or securities despite a considerable gray area over the scope of existing law, and the bill would also give her extra enforcement powers, according to reports in the Wall Street Journal and Bloomberg.
#information #cryptocurrencies #compensation #wall-street-journal #digital-assets #personal-information #privacy-policy #financial-services #commodities
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