The New York Department of Financial Services (NYSDFS) is hiring a specialist to develop policies on cryptocurrency, DeFi, and AI. 🕵️‍♂️

- The NYSDFS has been actively updating the BitLicense since 2015 to oversee crypto exchanges.

- The new restrictions require approval of the listing and delisting policies of coins.

- Comptroller Thomas DiNapoli expressed concerns about the management of the BitLicense.

New customer service standards for crypto exchanges will take effect in 2024.