Latest Department of Financial Services News

Double exposure of crypto currency theme hologram drawing and city view background
Business 11 January 2024

BitLicense oversight criticized in New York comptroller’s report

The 57-page report poked holes in the state Department of Financial Services’ management of BitLicense, including the lack of thoroughness on security checks of potential BitLicensees and a gap in filing anti-money laundering risk assessments.

Business 17 March 2021

Bakkt secures BitLicense in New York

The agency said the license would now enable Bakkt to support customers in New York in buying and selling digital currencies and other digital assets.

Business 21 October 2020

PayPal announces digital currency services

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.