Preparedness Plans

In a bid to help stop the spread of the  COVID-19 disease, The New York State Department Of Financial Services (NYDFS) has issued a directive requiring crypto firms to submit their COVID- 19 preparedness plans. In a letter written to the firms on Thursday this week, the regulator noted that the disease has adversely affected the economy. As such, firms needed to develop plans to mitigate risks emanating from the pandemic. The Bare Minimum  The letter cataloged the minimum that…