2023-12-3 19:23 |
Under Adrienne Harris's leadership, the NYDFS has executed a two-year transformative initiative to strengthen its oversight of virtual currencies.
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The firm said it's one of the only principal trading firms to hold the state's crypto license.
According to a recent report, Peter Marton, a pivotal player in crypto regulations and Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYSDFS), has resigned from Marton’s esteemed role.
Coinspeaker New York Financial Watchdog NYDFS Adopts New Rule, Here’s What It Entails Before now, New York's Financial Services Law vividly lacked such provision that would seek to assess operating costs.
Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.
The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement “Operation Choke Point 2.0.”
Federal and New York regulators object to the billion-dollar deal, saying it is potentially unlawful and discriminatory.