By Adrianne Appel2022-12-19T21:40:00
The New York State Department of Financial Services (NYDFS) issued guidance Thursday outlining guidelines banks and financial institutions must follow to engage in virtual currency activities in the state.
The guidance comes more than seven years since the department adopted virtual currency licensing rules (23 NYCRR Part 200). Banks have been required since then to seek permission from the NYDFS before launching into virtual currency activities.
The guidance serves as a reminder banking institutions will be expected to engage in an extensive application process.
2022-11-28T21:05:00Z By Aaron Nicodemus
Virtual currency exchange Kraken will pay a fine of approximately $362,159 to settle charges it violated U.S. sanctions against Iran, according to the Treasury Department’s Office of Foreign Assets Control.
2022-11-16T16:33:00Z By Maria L. Murphy
Non-fungible tokens can take many forms. There are potential business applications already in use, and many more are being developed as technology evolves.
2022-05-06T18:16:00Z By Kyle Brasseur
The Department of the Treasury announced first-of-their-kind sanctions against virtual currency mixer Blender.io for its alleged role in a significant virtual currency heist carried out by a North Korean state-sponsored cyber hacking group.
2025-08-28T20:40:00Z By Aaron Nicodemus
The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.
2025-08-27T19:46:00Z By Aly McDevitt
The SEC has named Margaret “Meg” Ryan, a senior military judge and Harvard Law lecturer, as its next Enforcement Division Director—an unconventional pick that could signal changes in enforcement strategy.
2025-08-22T19:05:00Z By Adrianne Appel
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
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