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The New York Department of Financial Services (NYDFS) has launched a Transatlantic Regulatory Exchange programme with the Bank of England to enhance oversight of digital assets. Starting in February, a six-month staff exchange aims to align regulatory approaches and share expertise, addressing the differing US and UK strategies on digital currencies. NYDFS Superintendent Adrienne Harris highlighted the initiative's role in promoting global harmonization in crypto regulation.
The New York Department of Financial Services (NYDFS) and the Bank of England have launched the Transatlantic Regulatory Exchange (TRE), a six-month program aimed at enhancing expertise in crypto regulation. Starting in February, senior staff will exchange insights on emerging payments and digital assets, reinforcing the regulatory frameworks of both financial hubs. This initiative highlights the importance of New York and London in the global finance system while addressing the challenges of cryptocurrency regulation.
The New York Department of Financial Services (NYDFS) and the Bank of England have launched the Transatlantic Regulatory Exchange (TRE), an initiative aimed at enhancing expertise in crypto regulation. Starting in February, senior staff will exchange insights on emerging payments and digital assets over a six-month period. This collaboration highlights the significance of New York and London in the global financial landscape while addressing regulatory challenges in the cryptocurrency sector.
Adrienne Harris
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