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NYDFS Financial Institutions Blockchain

BakerHostetler

Weekly Blockchain Blog - June 2024 #2

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TradFi/DeFi Integrations Announced, Yield-Bearing Stablecoin Launches - According to reports, Robinhood, a major U.S. financial services company, has entered into an agreement to acquire Bitstamp, a global cryptocurrency...more

Perkins Coie

NYDFS Implements Virtual Currency Assessments Rule

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The New York Department of Financial Services (NYDFS) formally implemented its Virtual Currency Assessments Rule as 23 NYCRR 102 on Wednesday, April 19, 2023, by publishing a notice of adoption in the State Register. Under...more

Morgan Lewis - All Things FinReg

NYDFS to Crypto Custodians Proceed with Caution

In the depth of a crypto winter, the New York State Department of Financial Services (DFS) issued guidance (the Guidance) on custodial standards for those with a BitLicense or that are registered as New York state limited...more

Proskauer - Blockchain and the Law

New York Department of Financial Services Issues Cryptocurrency-Related Guidance to Banks, Increases Regulatory Scope

At a time when states are jockeying for position to become digital asset and cryptocurrency hubs and we’ve witnessed turmoil and regulatory uncertainty within the cryptoasset industry, the New York Department of Financial...more

BakerHostetler

Blockchain Developments: Energy Grids, Automobiles, Stablecoins, International Regulations, SEC Enforcement

BakerHostetler on

Blockchain Developments for Energy Grids, Automobiles, Enterprise Protocols - Earlier this week, TFA Labs, an internet-of-things security startup, announced plans to explore Factom’s protocol as a solution for validating the...more

Jones Day

NYDFS Rejects Cryptocurrency Exchange License Applications, Citing Compliance Program Flaws

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The Situation: For the first time, the New York State Department of Financial Services ("NYDFS") publicly announced that it had denied a cryptocurrency exchange's applications for virtual currency and money transmission...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2018 #3

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As of February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of...more

Robinson+Cole Data Privacy + Security Insider

NYS approves Gemini Trust Company to trade digital currency ether

The New York State Department of Financial Services has approved the application of Gemini Trust Company to trade the digital currency ether on its platform, which is the first time the state has consented to the trading of a...more

Robins Kaplan LLP

Your daily dose of financial news The Brief – 1.22.16

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Stocks took a breather yesterday (that’s turning into something of a global rally this morning), helped along in part by rising oil prices and hopes of a new ECB stimulus package this spring – WSJ... Let’s call it the...more

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