Linda Lacewell announced a revamp of NYDFS's BitLicense last year.
All authorized virtual currency service providers will be required to submit diversity data of their boards and management to the NYDFS.
NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.
NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary.
The New York Department of Financial Services (NYDFS) is revisiting how it licenses crypto startups.
The Research and Innovation Division will include an in-house team that supervises cryptocurrencies.
Under Lacewell's leadership the regulator granted New York's 19th BitLicense.