On Sept. 18, 2023, the New York State Department of Financial Services (NYDFS) issued a press release announcing updates to its ongoing oversight of the digital asset space, including (1)
Continue Reading NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the GreenlistNew York State Department of Financial Services Proposes Framework for a Conditional BitLicense
By William Mack on
In 2015, the New York Department of Financial Services (NYDFS) finalized rules creating the BitLicense for virtual currency exchanges operating in New York state. New York is currently the only…
Continue Reading New York State Department of Financial Services Proposes Framework for a Conditional BitLicense
First Gold-Backed Virtual Currency in New York Approved
By Rebecca G. DiStefano & William Mack on
New York Superintendent of Financial Services Linda A. Lacewell announced on Sept. 5, 2019 that the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC…
Continue Reading First Gold-Backed Virtual Currency in New York Approved