‘This can be mutually reinforcing’
A leading financial regulator is pushing for the acceptance of a measure that would streamline cryptocurrency operations for both consumers and businesses.
As reported by the Financial Times, Adrienne Harris, head of the New York Department of Financial Services, voiced her support for “crypto passporting” for U.K. and U.S. crypto companies. The concept would allow companies to operate overseas without needing to go through multiple authorization processes.
The move could ultimately shore up and better align protection standards that would create better and more consistent safeguards for investors across different jurisdictions. For crypto entrepreneurs, this can promote more effective business development in key…
