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New York Regulator Mandates Crypto Permission for Banks

New York Regulator Mandates Crypto Permission for Banks

The New York Department of Financial Services (NYDFS) has published a guidance that requires banking firms under the State of New York to seek advance permission from it before they or their authorized third-party agents engage in cryptocurrency-related activities.

According to the state financial regulator, the rule also extends to the branches and agencies of foreign banking organizations under its supervision. The Department further noted that such... Read More

Posted: Dec 15 2022, 18:14
Author Name: financemagnates
Views: 092160

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