NYDFS collaborates with the Bank of England on crypto regulation
NYDFS has partnered with the Bank of England on a Transatlantic Regulatory Exchange (TRE) programme to strengthen oversight of digital assets and emerging payments.
This collaboration will facilitate staff exchange, allowing NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England, aiming to improve regulatory alignment and share expertise.
Exchanges with the TRE program, beginning with the Bank of England in February, will last at least six months.
The Transatlantic regulatory exchange
The UK and US differ significantly in their approaches to digital currencies. The Bank of England continues exploring a Central Bank Digital Currency, while the US administration resists a…
