Florida becomes first state to appoint a crypto czar

 

Florida has seen several lawsuits filed in connection with the BitConnect cryptocurrency scam, and the U.S. state was once the home of Cryptsy, the now-defunct exchange service that collapsed in early 2016 and resulted in allegations of fraud, a class-action lawsuit, and a multimillion-dollar judgment. (Source: coindesk.com)

From coindesk.com: The Sunshine State’s chief financial officer, Jimmy Patronis, said that he has created a new position to supervise the state’s cryptocurrency industry.

He explained that the new overseer will be tasked with enforcing applicable regulations to protect investors from potentially malicious actors.

For the complete article: https://www.coindesk.com/florida-becomes-first-us-state-to-appoint-a-crypto-czar/

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