The Guidance clarifies the regulator’s expectations on safekeeping customer digital assets, and the disclosures that must accompany such arrangements.
On January 23, 2023, the New York Department of Financial Services...more
2/3/2023
/ Banks ,
BitLicense ,
Cryptoassets ,
Custodians ,
Digital Assets ,
Disclosure Requirements ,
Financial Services Industry ,
Insolvency ,
New Guidance ,
NYDFS ,
Virtual Currency
Digital asset activities of licensed institutions must be approved and will be assessed for potential safety and soundness risks.
On December 15, 2022, the New York State Department of Financial Services (NYDFS) issued...more
Murgio decision reflects a growing judicial consensus around the application of money transmitting laws to Bitcoin exchangers.
On September 19, 2016, U.S. District Judge Alison J. Nathan of the Southern District of New...more
The ruling is an outlier driven by its unique facts and is unlikely to change the general regulatory landscape for Bitcoin businesses.
In State of Florida v. Espinoza, a trial court in Miami recently dismissed all...more
As the proposed BitLicense takes shape, New York regulators are engaging in discussions with industry players.
On October 14, 2014 Benjamin N. Cardozo School of Law organized a panel discussion as part of its Tech...more
As the first of their kind, the proposed regulations may add legitimacy to virtual currencies, but the new regulatory regime could stifle innovation and development.
On July 23, 2014, the New York State Department of...more