NYS regulator, SUNY launch virtual currency program for startups

https://www.mobilepaymentstoday.com/news/nys-regulator-suny-launch-virtual-currency-program-for-startups/

The New York State Department of Financial Services and the State University of New York signed an agreement to launch a SUNY-related virtual currency program, called SUNY Block. The agency also will launch a licensing program to help startup companies enter the NY market.

The plan would allow startup virtual currency companies, developed by students, alumni or others in the community, to use SUNY Block for support.

“This MOU with SUNY is a strategic step to diversify and deepen the next wave of innovators in the virtual currency space in New York,” Linda Lacewell, superintendent of NY DFS said in a release from the agency.

https://www.mobilepaymentstoday.com/news/nys-regulator-suny-launch-virtual-currency-program-for-startups/