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.
2025-09-15T16:47:00Z By Ruth Prickett
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2025-09-08T05:00:00Z By Oscar Gonzalez
The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.
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