DFS imposes analogous requirements on

DFS imposes analogous requirements on New York State limited purpose trust companies that engage in virtual currency business activity and, accordingly, these

The New York DFS issues guidance for issuers of U.S. dollar

NY DFS issues new guidance on dollar-backed stablecoins

New York Leads Stablecoin Regulation: Adrienne Harris

From Niche to Utility: Stablecoins Move toward the Financial

Virtual Currency Guidance - Department of Financial Services

For us in New York

The New York Department of Financial Services has issued new compliance requirements for issuers of US dollar-backed stablecoins. The guidance builds on informal

For us in New York, we've got strong regulations on the books. We've added to that with guidance in particular about Stablecoins. We're engaging here in DC with

The NYDFS guidance now requires a monthly examination by a licensed CPA of the issuing management's assertions on the: 1) End-of-day market value of the Reserve (with

Yesterday

New York regulator NYDFS issues stablecoin regulatory guidance

Yesterday, the New York State Department of Financial Services (NYDFS) issued regulatory guidance for stablecoins issued by DFS-regulated entities. It wants to see

NYDFS releases guidance for U.S. dollar-backed stablecoins

But in fact

But in fact, a number of prominent companies have for years been expanding their stablecoin holdings and uses around the globe, especially outside the US. Stablecoin issuers have