On December 21, the New York governor signed A08783, which creates a digital currency task force to conduct a comprehensive review related to the regulation of cryptocurrencies in the state. The act requires the task force to issue a report by December 15, 2020, with recommendations to “increase transparency and security, enhance consumer protections, and to address the long-term impact related to the use of cryptocurrency.” The report will also contain a review of laws and regulations on digital currency, including those used by other states, the federal government, and foreign countries.