New York financial regulator: Virtual currency companies must comply with new customer service obligations
Adrienne Harris, head of the New York State Department of Financial Services, stated in a statement, "Consumers have the right to enjoy transparent, timely complaint resolution and problem-solving processes regardless of the company or product involved." Virtual currency companies licensed in New York must analyze requests and complaints received every quarter and be monitored by the New York State Department of Financial Services.The highest financial regulatory agency in New York State stated that companies designated as "virtual currency entities" (VCE) in New York need to develop policies and procedures to "timely handle customer service requests and complaints."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Historical patterns indicate Bitcoin breakout imminent
Bitfarms and Riot Platforms settle dispute with board changes
Caroline Ellison faces sentencing for role in FTX collapse
Giant Whale, Who Previously Profited $145 Million from Shiba Inu (SHIB), Sees Huge Profits Again in New Altcoin Choice
According to Onchain data, a major crypto whale made a new trade following his previous Shiba Inu trade.