New York authorizes first Yen stablecoin operator in the US
Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York. Go to Source Powered by WPeMatico
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Paxos seeks approval to become fully-regulated crypto bank
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Go to Source Powered by WPeMatico
Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23
These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress. Go to Source Powered by WPeMatico
Regulation will keep PayPal’s new crypto services from looking anything like crypto
For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. Go to Source Powered by WPeMatico
New York Regulator Fast-Tracks 10 Cryptocurrencies
The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. NY Regulator’s Cryptocurrency Greenlist The New York State Department of financial services (DFS), the Bitlicense … Read more
NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight
New York Governor Andrew Cuomo argues that crypto entities licensed under the Financial Services Law should pay for NYDFS oversight Go to Source Powered by WPeMatico
NY Regulator Proposes Relaxing New Coin Listing Requirements
The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new … Read more
NYDFS to Update BitLicense’s Terms for the First Time in 5 Years
The NYDFS plans to update its virtual currency license, BitLicense, for the first time in nearly 5 years Go to Source Powered by WPeMatico
Bakkt Regulated Bitcoin Futures Now Live on Major Exchange
Trading is now live for Bakkt’s regulated, physically-delivered daily and monthly bitcoin futures, with the first trade executed at 8:02 pm ET on Sunday. Customers’ bitcoins are stored in the Bakkt Warehouse, a qualified custodian, regulated by the New York State Department of Financial Services. Bakkt is powered by Intercontinental Exchange, owner of the New … Read more
BUSD — Binance and Paxos Stablecoin Latest to Get US Regulator Consent
With the recent launch of regulated crypto offerings such as PAXG and BUSD on the market, the global digital currency landscape appears to be rapidly evolving Go to Source Powered by WPeMatico
