Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

New bill calls for study of state-issued cryptocurrency in New York

A New York lawmaker has proposed a new bill that calls for the creation of a task force to “study the impact of a state-issued cryptocurrency on the state of New York.”

Lawmaker Clyde Vanel has submitted the bill on February 02. According to the bill text, the task force would focus on:

“(i) the necessary steps the state of New York must take to produce and release a state-issued cryptocurrency and how such will affect the United States Securities and Exchange Commission's and the Commodities Futures Trading Commission's jurisdiction over economic transactions;

(ii) the implications of issuing such cryptocurrency on monetary policy and financial stability;

(iii) how local, state, and federal taxation would be affected by such; and

(iv) the measures other jurisdictions, central banks, international governing bodies, states, or countries, have taken to potentially issue cryptocurrency.”


CoinDesk reported that the New York legislature would be discussing cryptocurrencies and the state’s BitLicense regulatory framework at a hearing scheduled later this month. According to a notice, Senators David Carlucci and Jesse Hamilton will hold a public meeting “to gain insight on the logistics and organization of cryptocurrency; its regulation through the BitLicense in the state of New York, other states and on a federal level; and the current marketplace in which it thrives and becomes problematic for consumers.”

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-02-19 16:32:32
0m
2018-02-19 16:31:45
0m
2018-02-19 16:30:45
0m

February 19 13:00 UTC Released

RUReal Wages YY

Actual

6.2 %

Forecast

4.6 %

Previous

4.6 %

February 19 13:00 UTC Released

RURetail Sales YY

Actual

2.8 %

Forecast

3 %

Previous

3.1 %

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4026940269m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4026940269m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2844928449m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.