BitLicense – DIGIT INFO

NYDFS calls for public feedback on proposed crypto regulatory guidance

The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist

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Societe General’s subsidiary becomes the first fully licensed crypto provider in France

Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other.

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NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

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Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

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Stablecoin issuer Paxos reportedly probed by New York regulators

While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.

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New York State issues guidance for banks seeking to engage in activities with crypto

The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.

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NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms

Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.

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New York Mayor urges state to abandon ‘stifling’ BitLicense scheme

“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.

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BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York

The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry.

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Billionaire Bill Ackman calls for crypto clarity in New York

Billionaire Bill Ackman has called upon the city authorities to ensure that more innovators don’t migrate because of the regulatory hurdles.

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