New York Financial Watchdog Approves Bitcoin and Other ...

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New York Regulator Fast-Tracks 10 Cryptocurrencies The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. New York City. Source: LovelyPlanet Licensed Entities And History. The NYDFS began regulating organizations within the digital asset field more than five years ago under the New York Financial Services Law. Since then, the so-called “BitLicense” has worked to “ensure that New Yorkers have a well-regulated way to access the virtual currency marketplace and that New York remains at the ... Yesterday, the New York Office of the Attorney General released a scathing report against thirteen cryptocurrency exchanges. After the release of the report, the New York State Attorney General (NY AG) referred three exchanges – Binance, Kraken, and – to the New York Department of Financial Services to investigate a possible violation of New York regulatory law. Furthermore, the brand new Binance USD (BUSD) has obtained the blessing of the New York Division of Monetary Companies (NYDFS). The change introduced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Belief Firm. The Binance stablecoin will likely be backed by U.S. {dollars} on a 1:1 ratio, in response to a press launch. The providing ... New York Grants Bitlicense to Institutional Crypto Exchange Seed CX July 15, 2019 BitLicense , News , NYDFS , Seed CX BitLicense , News , NYDFS , Seed CX CryptoForEveryone The New York Department of Financial Services (NYDFS) has granted virtual currency licenses to two subsidiaries of crypto derivatives provider Seed CX. The top crypto exchange highlights the Binance USD backed stablecoin (BUSD) being approved by New York’s State Department of Financial Services (NYDFS). Although it has been approved since launching in partnership with Paxos, this is a reminder to traders that during volatile swings in prices, there is a zero-fee option to jump out of Bitcoin or Altcoins into a stablecoin. Bitcoin jumped ... The New York State Department of fiscal services (DFS), the Bitlicense regulator, has printed a Greenlist containing 10 cryptocurrencies for eight and custody cryptocurrencies for record. “Any licensed entity may use coins on the Greenlist for their approved purpose(s),” the ruler clarified.

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