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Florida is appointing a cryptocurrency czar
Florida's Chief Financial Officer Jimmy Patronis believes his state needs to start keeping a closer eye on cryptocurrency and Initial Coin Offerings (ICOs). That's why he created a position for a state-specific cryptocurrency czar who'll be in charge of looking at how current securities and insurance laws apply to digital currencies and ICOs. The official will also help conjure up crypto regulations for the state. In addition, all ICO and cryptocurrency companies based in Florida will now be required to register with the Office of Financial Regulation and will be under the supervision of the new czar.
