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News Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require virtual currency-related entiti..
News The New York Department of Financial Services (NYDFS) is planning to update its virtual currency license for the first time in nearly five years. The authority has published proposed guidance on adoption or listing of virtual currencies on its website on Dec. 11, inviting all interested parti..
Analysis Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backe..
The New York State Department of Financial Services (NYDFS) yesterday announced the creation of a new division for licensing crypto-businesses. The ‘Research and Innovation’ Division will supervise and license virtual currencies, address financial inclusion through technology, protect consumer data..
News The New York Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating crypto-related businesses. In a statement on July 23, the NYDFS announced the formation of the Research and Innovation..
News Fidelity’s crypto arm Fidelity Digital Assets Services (FDAS) has applied for a license to operate as a trust in New York State. FDAS has filed an application with the New York Department of Financial Services (NYDFS) for a trust license, crypto media outlet The Block reported on July 20, cit..