NYDFS HIRES NEW SUPERVISORY TEAM FOR CRYPTO

From the Wall Street Journal:

–     “New York’s financial regulator has appointed a former official from Dubai’s financial regulator to help oversee its virtual currency unit that regulates cryptocurrency businesses in the state. Ken Coghill, who most recently was the director and head of innovation and technology risk supervision at Dubai Financial Services Authority, started Thursday at the New York State Department of Financial Services as its deputy superintendent of virtual currency. ”

–     “His appointment follows NYDFS’ hire earlier this month of John Melican as its deputy superintendent for limited-purpose and virtual currency trusts. “