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BitLicense

New York BitLicense ups customer service requirements for digital asset firms
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3 June, 2024

New York BitLicense ups customer service requirements for digital asset firms

The new mandatory DFS requirements are to be implemented as a response to some digital asset firms' not taking the...
Genesis to forfeit BitLicense, pay $8M fine in NYDFS settlement
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16 January, 2024

Genesis to forfeit BitLicense, pay $8M fine in NYDFS settlement

With the forfeiture of BitLicense, which it held since 2018, over violation of cybersecurity regulations, Genesis Global Trading will no...
BitLicense oversight criticized in New York comptroller’s report
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11 January, 2024

BitLicense oversight criticized in New York comptroller’s report

The 57-page report poked holes in the state Department of Financial Services’ management of BitLicense, including the lack of thoroughness...
New York’s new token listing rules limit VCs dumping on retail
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17 November, 2023

New York’s new token listing rules limit VCs dumping on retail

On November 15, New York DFS issued the final version of its "Guidance Regarding Listing of Virtual Currencies" for entities...
‘Regulation by enforcement’: New report unpacks US approach to digital asset regulation
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24 August, 2023

‘Regulation by enforcement’: New report unpacks US approach to digital asset regulation

A recent report on the “Trends in Regulation of Digital Assets” covers global trends in regulation, with a particular focus...
The New York state of mind is ‘more digital asset oversight’
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26 May, 2023

The New York state of mind is ‘more digital asset oversight’

The hearing by New York regulators examined the “transparency and security of the cryptocurrency industry and potential improvements as they...
NYDFS to charge digital asset firms for supervision
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19 April, 2023

NYDFS to charge digital asset firms for supervision

First proposed in December, the new regulation was adopted this week and allows the New York Department of Financial Services...
‘Segregate customer assets,’ New York financial regulator warns
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24 January, 2023

‘Segregate customer assets,’ New York financial regulator warns

Under the latest New York Department of Financial Services guidance, custodians are required to "separately account for and segregate customer...
In wake of FTX collapse, New York financial regulator wants its digital asset licensing regime adopted nationally
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17 November, 2022

In wake of FTX collapse, New York financial regulator wants its digital asset licensing regime adopted nationally

NYSDFS' Harris claims that New York's regulatory initiatives on digital assets and related products proved to be effective in safeguarding...
California governor vetoes state’s ‘BitLicense’ bill, calls it premature
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28 September, 2022

California governor vetoes state’s ‘BitLicense’ bill, calls it premature

Gov. Gavin Newsom nixed the bill, which would have created a licensing regime for VASPs similar to New York’s BitLicense,...
California lawmakers pass state’s ‘BitLicense’ clamping down on stablecoins
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3 September, 2022

California lawmakers pass state’s ‘BitLicense’ clamping down on stablecoins

The bill was passed by the state’s Senate and the Assembly this week and heads to the governor’s desk, who...
New York Department of Financial Services releases stablecoin guidance
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13 June, 2022

New York Department of Financial Services releases stablecoin guidance

The DFS says the guidance should act as the baseline set of requirements that companies within New York State that...