Adrienne Harris, director of the New York Department of Financial Services (NYDFS), has unveiled the "Transatlantic Regulated Exchange (TRE) " exchange program to help regulators learn more about how foreign institutions are dealing with emerging payments and digital asset issues, Cointelegraph reported. The program will begin with the exchange of senior staff with experience in digital assets between the NYDFS and the Bank of England "essential for regulatory coordination," Harris said in a Jan. 13 notice. The exchange of the TRE program will begin in February with the Bank of England and will continue for at least six months. It is understood that the NYDFS oversees cryptocurrency regulation in New York State, which has multiple companies leveraging the region's commercial and regulatory environments. The financial regulator implemented the BitLicense program in 2015 and approved projects such as Ripple Labs' RLUSD stablecoin last December.