THELOGICALINDIAN - Floridas Chief Financial Officer CFO appear affairs to actualize a statewide position to baby-sit the appliance of accepted balance and allowance legislation for Initial Coin Offerings ICOs and agenda currencies Furthermore ICO and cryptocurrency firms now accept to annals with the Office of Financial Regulation OFR
Florida’s CFO Jimmy Patronis said that he has instructed his appointment to actualize a position for a state-specific cryptocurrency czar.
While the specific responsibilities for the job are still to be disclosed, Patronis fabricated it bright that whoever is appointed will accept to “oversee how accepted balance and allowance laws administer to Initial Coin Offerings (ICOs) and cryptocurrencies as able-bodied as appearance the approaching of these regulations in our state.”
Florida’s move follows one from the U.S. Balance and Exchange Commission (SEC), which recently appointed Valerie Szczepanik as the Senior Advisor for Agenda Assets and Innovation and Associate Director of the Division of Corporate Finance. She is tasked to “coordinate efforts beyond all SEC Divisions and Offices apropos the appliance of U.S. balance laws to arising agenda asset technologies and innovations, including Initial Coin Offerings and cryptocurrencies.”
Besides announcement his affairs to actualize the above position, Patronis additionally said that new requirements for ICO and cryptocurrency companies in the accompaniment will be put in place:
The capital affidavit for these changes are fueled by the accretion accepting of cryptocurrencies beyond the country.
Patronis additionally refers to the actuality that cryptocurrencies are alike officially recognized as agency for acquittal of taxes, identification cards and authorization plates in Seminole County.
Florida’s CFO aboveboard states that he doesn’t intend to avert the aggressive development of the industry but alone wants to added assure the state’s citizens from the risks associated with it:
Do you anticipate Florida is authoritative the appropriate move appear acclimation the cryptocurrency industry? Don’t alternate to let us apperceive in the comments below!
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