NYDFS
PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer
PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”
New York's Financial Regulator Puts Focus on Crypto Firms for Digital Reporting Initiative
The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.
BitGo Applies to Be Regulated Custodian in New York State
The crypto custody provider has filed paperwork with New York's financial regulator to offer its services in the state.
Binance Says Licensed Entities Can Now Use Its Stablecoin After Watchdog Approval
NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.
NYDFS Chief Calls Industry Reaction to BitLicense Changes 'Beyond Positive
NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary.
New York Regulator Adds 3-Strike Rule for BitLicense Applicants
The regulator hopes the new three-strike rule will encourage BitLicense applicants to ensure they've taken its feedback on board.
BitLicense at 5: For Startups Regulated Overseas, New York Isn't So Tough
While some exchanges left New York in the wake of its implementing the BitLicense, others say the regulatory regime have helped build market share and revenue.
BitLicense at 5: Despite Architect Lawsky's Hopes, Few States Copied NY Rules
Few states have developed their own cryptocurrency regulations – and none that did build a regulatory regime have followed the New York model.
BitLicense at 5: A Timeline of New York's Landmark Cryptocurrency Regulation
The BitLicense was first proposed in 2013, but wasn't implemented until mid-2015. CoinDesk outlines the major events in its history.
New York Moves to Lure Crypto Startups as BitLicense Turns Five
Five years after erecting a wall around its market few crypto startups could scale – a wall known as the BitLicense – New York is handing down a ladder.
