NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

Описание: The regulator wants digital asset providers to include policies which cover response and resolution monitoring and reporting.
The New York State Department of Financial Services now requires cryptocurrency service providers to implement complaint resolution mechanisms.
The regulator will assess the application and efficacy of these policies around resolving customer service requests.
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday.
The guidance by The New York State Department of Financial Services reflects "expectations" of cryptocurrency service providers to include policies which cover response and resolution monitoring, and reporting. The guidance specifically requires that service providers maintain policy records, including "quarterly analysis of requests and complaints they receive." The guidance also requires crypto companies to provide customers with both a phone and electronic text mechanism to submit requests and complaints.
“Consumers have a right to a transparent and timely process for resolving complaints and answering questions, irrespective of the company or product in question,” said NYDFS Superintendent Adrienne A. Harris. “This guidance outlines clear expectations for a positive customer experience, which benefits both consumers and business.”
The adoption of this policy came after in-depth research which included meetings with key stakeholders, the NYDFS said.
Crypto companies must be regulated by the NYDFS to do business in New York. Harris has previously dismissed theories alleging a coordinated effort among U.S. regulators to cut the crypto industry off from the banking system, dubbed Operation Choke Point 2.0, as "ludicrous" and "silly." Last year, the NYDFS rolled out stricter guidelines for cryptocurrency listing and de-listings, requiring crypto companies to submit their coin listing and delisting policies for approval.
As of now, the NYDFS has levied over $177 million in penalties against cryptocurrency companies that did not comply with different aspects of the law, the DFS said on Thursday.
https://www.coindesk.com/policy/2024/...
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #regulations #regulationsnews #regulationsnewstoday #newyorkdepartmentoffinancialservices #newyorkdepartmentoffinancialservicesnews #newyorkdepartmentoffinancialservicesnewstoday #nydfs #nydfsnews #nydfsnewstoday #crypto #cryptonews #cryptonewstoday #virtualassetserviceprovider #virtualassetserviceprovidernews #virtualassetserviceprovidernewstoday #customerproblems #customerproblemsnews #customerproblemsnewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple