Establishes the office of financial resilience to support local economies and promote resilient financial models.
New York Senate Bill S06110 creates the office of financial resilience within the banking department. This office will develop and implement programs to support local economies and promote resilient financial models. Initiatives will assist local communities in creating community currencies, building blockchain-backed solutions, learning cooperative and peer-to-peer economies, connecting unmet needs with resources, and turning student debt into functioning currencies.
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