Establishes a New York state cryptocurrency and blockchain study task force to report on digital currencies and blockchain technology.

The bill establishes the New York state cryptocurrency and blockchain study task force within the department of financial services. The task force will provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including blockchain technology, in the state. The task force will submit a report on various aspects of digital currencies, including their market share, the number of exchanges operating in the state, and the environmental impact of coin mining operations.

Establishes a New York state cryptocurrency and blockchain study task force to report on digital currencies and blockchain technology.

The bill establishes the New York state cryptocurrency and blockchain study task force within the department of financial services. The task force will provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including blockchain technology, in the state. The task force will submit a report on various aspects of digital currencies, including their market share, the number of exchanges operating in the state, and the environmental impact of coin mining operations.