David Beam

David Beam

Mayer Brown

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Virtual Currency Activity Prior Approval Requirement Established by NYDFS

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) issued guidance clarifying that all New York banking organizations are required to obtain prior agency approval for virtual currency-related...more

12/20/2022  /  Banks , Cryptocurrency , Financial Institutions , Financial Transactions , New Guidance , NYDFS , Virtual Currency
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