The New York State Department of Financial Services has appointed a new member of the team to focus on virtual currency.
In Brief:
The regulator has appointed Peter Marton to focus on virtual currency.
He recently led the digital assets practice at IBM’s Promontary Financial Group.
He’ll focus on virtual currencies, digital currencies, blockchain, DLT and more.
What does this mean?
New York has a focus on becoming the cryptocurrency capital of the US and is making steps to ensure it can innovate while including the regulator in the journey. Marton says this needs to be “a marathon not a sprint”.
