The New York Department of Financial Services granted a charter to GMO-Z.com Trust Company Inc. to issue the GYEN stablecoin in the state.
All companies, including those involved in digital currency and Bitcoin mining, should begin to assess risks posed by climate change, and to take steps in mitigation, according to the NYDFS.
PayPal plans to expand its digital currency service offering to Venmo users as well as the 26 million merchants who use PayPal beginning in early 2021.
Techsprint is described as an initiative by regulators and industry stakeholders to work towards a common goal of digital regulatory reporting.
The New York financial regulator has criticized the lack of leadership at Twitter which made it easier for the hackers to infiltrate the platform.
The NYDFS is now granting conditional BitLicenses, partnership opportunities, and has updated their policies.
The New York Department of Financial Services has set out what it describes as the “first step” to reviewing the license, which has been in operation since 2015.
Bittrex customers hoped recent news might mean the exchange could reopen to New York, but that’s not the case.
The New York Department of Financial Services has provided further explanation for why Bittrex didn’t get a BitLicense, but the exchange is not buying it.
Bittrex was denied its New York BitLicense, but its arguing that if it lost that opportunity because of North Koreans, that’s pretty unfair.
In a blow to the U.S.-based exchange, the New York Department of Financial Services said it would not be approving Bittrex’s application for a virtual currency license.