The CFO, Jimmy Patronis given a lecture to the Florida Blockchain Task Force conference about the unstable money world. Blockchain has been a top priority, for the member of the Cabinet. He has pushed for better approaches to block fraud and pursue transactions with nontraditional money.
The Florida Legislature likewise has given solid consideration regarding the issue. The Florida Legislature, a year ago made the task force through a bill in May. Moreover, the group will research how the state, municipal governments, and county can profit by progressing to a blockchain-based framework for recordkeeping, service delivery, and security. Part of that comprises of planning suggestions to recommend the Governor and Legislature.
Furthermore, Patronis has made digital currency regulation a prime concern. In acknowledgment of National Consumer Protection Week in March, Florida Chief Financial Officer (CFO) Jimmy Patronis launched the Cryptocurrency Consumer Protections website to teach consumers to understand cryptocurrencies and help them to make finance-related choices and safeguard themselves against frauds.
Currently, Jimmy Patronis is a CFO, State Fire Marshal, a statewide chosen official and a member of Florida’s Cabinet who manages the Department of Financial Services. Besides, CFO Patronis works every day to fight against insurance fraud, supports Florida’s firemen, and make sure that the state’s finance is steady to help economic development in the country.
Jimmy Patronis said,
Cryptocurrency is a new word for many Floridians, and it’s critical that you fully understand how new forms of digital and virtual currency work before you invest. It’s my goal to ensure Florida’s consumers are informed of the risks and benefits of this emerging industry and know how to protect themselves from fraud and scams.
Over and above, the CFO Patronis Consumer Protections website gives information about resources for customers on several finances and insurance-related topics. Furthermore, customer Protection Week centers on helping purchasers to comprehend consumer rights and giving them the tools and instruments to make intelligent choices about finance.