Manhattan DA and NY State Senator Introduce "CRYPTO" Act to Criminalize Unlicensed Crypto Operations in New York

CRYPTO Act Proposal: Unlicensed Operations In New York Could Lead To 15 Years In Prison

On Thursday, a new legislation was proposed in New York that aims to impose additional regulations on digital asset firms. The proposed law, known as the “CRYPTO” Act—short for “Cryptocurrency Regulation Yields Protections, Trust, and Oversight”—would make it illegal for digital asset firms to operate without the necessary licenses.  The announcement came from Manhattan District Attorney (DA) Alvin L. Bragg, Jr., and New York State Senator Zelln…

Manhattan DA and NY State Senator Introduce "CRYPTO" Act to Criminalize Unlicensed Crypto Operations in New York

The "CRYPTO" Act proposed in New York aims to criminalize unlicensed crypto operations with possible prison terms.

Manhattan DA Pushes Criminal Penalties for Unlicensed Crypto Operators

The CRYPTO Act would criminalize unlicensed crypto businesses, with penalties escalating to felony charges and up to 15 years in prison.

New York Cracks Down: Bill Criminalizes Unlicensed Crypto Businesses

What You Need to Know About New York’s Latest Crypto Crackdown In the fast-paced world of cryptocurrency, rules are changing quickly. New York, known for its strict laws on digital assets, is taking things further. A new bill aims to make running an unlicensed crypto business a serious crime. This move could shake up how crypto firms operate in the Empire State. The Core of the The bill, introduced in the New York State Legislature, targets busi…

NY Bill Criminalizes Unlicensed Cryptocurrency Businesses

Manhattan District Attorney Alvin Bragg and New York State Sen. Zellnor Myrie on Thursday announced a proposed law to criminalize operating a cryptocurrency business without a license, saying crypto has become an "ideal vehicle for money laundering."