Recognizing the evolving landscape of digital finance, the Conference of State Bank Supervisors (CSBS), an association of state financial regulators, issued advisory guidance on the treatment of ...
Crypto Currently: New York Department of Financial Services Issues Virtual Currency Custody Guidance
On January 23, the New York State Department of Financial Services (DFS or the Department) issued guidance clarifying its expectations for New York-based virtual currency businesses regarding the ...
State law regulates the licensing and activities of VCBs. Although regulation by each state varies, agencies are working to make the licensing requirements across states more uniform. This article ...
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