“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship,” said the NYDFS.

Coinbase has received approval from the New York State Department of Financial Services (NYDFS) to operate in New York. This license allows Coinbase to legally offer its services in one of the ...

Cryptocurrency-friendly bank Anchorage Digital announced that its subsidiary had been granted a BitLicense by New York’s Department of Financial Services (NYDFS). In a Dec. 16 notice ...

In a letter dated April 10, 2019, the New York State Department of Financial Services (NYDFS) rejected the cryptocurrency exchange's BitLicense application, a requirement for offering crypto-based ...

Ripple Labs’ RLUSD stablecoin has been approved by the New York Department of Financial Services (NYDFS), according to ... services to residents in the state. Ripple executives project a bold ...

Digital Asset Companies Achieve Licenses, Launch Stablecoin Products - According to a recent press release, Anchorage Digital, ...

The NYDFS approval marks a significant ... “With approval from New York state regulators, RLUSD is now ready for US financial institutions to integrate, bringing them a secure and scalable ...

Throughout 2024, financial sector regulators ... (“CFPB”) have been joined by state regulators, such as the New York Department of Financial Services (“NYDFS”), in proposing and finalizing ...

Blockchain company Ripple is releasing its own long-awaited stablecoin tomorrow after receiving approval from the New York Department of Financial Services (NYDFS) last week. The coin, named RLUSD ...