New York and France sign financial market entry agreement


The main financial regulator in New York and its national counterpart in France have signed an agreement to help fintech companies to penetrate their markets more quickly.

The memorandum of understanding allows the two regulators to refer companies to each other for potential market entry and to exchange information on regulatory and political issues, according to an announcement on Wednesday. It does not create any binding legal obligation for any of the regulators.

The agreement marks the latest move by the state’s Financial Services Department to position itself as one of the leading financial technology regulators in the United States.

The agency was the first to launch a state licensing regime for cryptocurrency …


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