NYDFS President Defends State Legislation Approach Against Crypto Paralysis

Maria Vullo, managing director of the New York Department of Financial Services (NYDFS), said Thursday that his department is behind his department's insistence on checking cryptographic currencies.

"Legal Tender? Maria Vullo, who spoke in a council named "The Regulation of Cryptocurrencies" (regulation of the national currency crypto currencies) and expressed his view that "there is a necessity of regulation in this area as well as in all other fields with money"

Vullo spoke to the state's controversial BitLicense decision in his on-board opening speech, saying, "While this is a long way from the point of view of some federal and state-wide regulators trying to establish certain rules for this industry, did not take the time. "

The role that regulation in crypto-currencies has is a really controversial and indefinite issue. Marco Santori, president and chief legal officer on this subject, stated that regulatory agencies should impose a few pressures on over-regulation.

Vullo nevertheless believes that regulators' actions should be taken by developers who indicate that they (developers) should be able to sell tokens without any submission or requirement

"I think the regulators must definitely be in this area because they (innovators) are" we are innovators, we are startup companies we need to be left alone, we need to leave our sandbox ". Children play in the sand pool.

Shortly after this talk, CNN is an investigative reporter and a journalist and journalist.

The sandpark is the name given to the approach allowed by the regulators to organize a new field before the regulator can arrange it.

"If you are a manager in a bank, there are people you need to account for ... But if you are one of the coders whose name is not known by anyone around the world, and you

Santori said he was not involved in this statement and said, "This is just bad

In response, Vullo used the words, "I did not know it was about emotions."
CoinDesk

The post President of NYDFS Defends State Legislative Approach Against Crypto Paralara as First on Koin Bulletin.

Steemit: @engindagli