Gov. Kathy Hochul signed the moratorium which was approved by the state senate in June after putting it off for months, even as the industry calls the bill anti-tech.
NYSDFS' Harris claims that New York's regulatory initiatives on digital assets and related products proved to be effective in safeguarding investors, thus the need for it to be adopted nationwide.
The Federal Reserve Bank of New York, which also launched another trial with major U.S. lenders, made it clear that the experiment doesn’t indicate the FedCoin is imminent.
The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC in cross-border transactions.
In the shadow of Chelsea Market, some key figures and founders of the BSV economy walked past glowing NFT art on the walls of the lobby to entice investors with stories of the businesses running on the most scalable blockchain on earth.
AG Letitia James called on any New Yorker deceived by a digital asset firm through withdrawal freezes, layoffs or bankruptcy filings to contact her office.
The two 21-year-olds planned for four days on how to invade a Westchester County home and force the residents to transfer BTC before the FBI thwarted their plan.
Antonio Brasse and Chad Anderson shed light on what it’s like to run a regulated exchange in New York state and why consumer protection is at the forefront of their decision-making process.
The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
PayPal has been operating with a conditional BitLicense from the NYDFS since October 2020 but has now become fully licensed in a move the company says is very big for Web3.
If signed into effect, the bill will place a two-year moratorium on any carbon-based proof-of-work mining operation that is looking to open shop or that needs to renew its permit.