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.

Go to Source

Powered by WPeMatico

New York Approves Its First Publicly Available Japanese Yen Stablecoin

New York Approves Its First Publicly Available Japanese Yen StablecoinThe New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses for companies engaged in crypto activities. First Regulated Yen […]

The post New York Approves Its First Publicly Available Japanese Yen Stablecoin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico