The New York State Financial Services Center (NYDFS) has announced an increase in its ability to test digital currency violations in regulatory entities. The company says a new capability is part of a persistent effort to keep up with the pace of the field and take the virtual money market in stride.

On February 21st, the New York City Financial Information Services Management Office issued a brief statement describing its new features, but did not describe in detail "a new tool for risk regulation of insider trading and market control." However, affirm the performance pledge:

"A new improvement package also gives the bureau additional capabilities to detect potential insider trading, industry market controls and advance themed activities related to the bureau's regulated entities, as well as the applicant's leverage ratio or potential risk to the address of the virtual currency wallet."

"these tools will help us crack down on financial crime and fraud, hold accountable regulated entities, and further strengthen the influence of national leaders in areas such as virtual currency regulation," said Adrienne Harris, who is responsible for NYDFS.

The announcement of unspecified technical capabilities may be part of the NYDFS audit script. The agency announced last year that it would "accelerate the purchase of more blockchain technology visualization technologies" as part of a ban on Russian companies after the host country invaded Ukraine.

The agency also regularly publishes implementation advice to the entities it supervises, contacts digital money in December to advise banks, and claims that you are the first regulatory group to announce basic guidelines for the sale of stable coins in June.

The New York City Bureau of Financial Information Services recently decided to stop forging Binance dollars (BU.S.) in blockchain infrastructure service platform Paxos Trust. The process of stabilizing the currency plays a vital role, and the company has previously opened an investigation and analysis of the coin. Earlier this year, a settlement of $100m was obtained from Coinbase, mainly because Coinbase is reported to have a backlog of 100000 abnormal trading alarms. In August of this year, it reached an agreement with Robinhood Crypto to impose a $30 million penalty for compliance.

In addition, it is reported that the New York City Bureau of Financial Information Services is working on the Gemini income loan program.

New York State launched the digital currency BTC license in 2015, which is famous for its clear regulations. The approval rule has been so controversial that even New York City Mayor Eric Russell denounced it as "intoxicating".