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Sofi BitLicense Receives NYDFS Approval

Sofi BitLicense Receives NYDFS Approval

The New York Department of Financial Services (NYDFS) has approved the SoFi BitLicense, a subsidiary of Social Finance, thereby agreeing and allowing its residents to get involved in digital currency trading.

NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

With the New York Department of Financial Services guidelines, blockchain agencies will find easy entry into the cities blockchain ecosystem

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Crypto businesses may be offered a regulated path to legalization in the state of Louisiana. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms.

NYDFS Introduces Stricter Crypto Listing and Delisting Rules

NYDFS Introduces Stricter Crypto Listing and Delisting Rules

NYDFS has implemented stricter regulations for cryptocurrency businesses, enhancing investor protection through detailed risk assessments and governance, highlighting New York's proactive regulatory approach.

NYDFS to Assess Supervisory Costs from Licensed Crypto Firms

NYDFS to Assess Supervisory Costs from Licensed Crypto Firms

The NYDFS will assess supervisory costs from licensed crypto firms in the state of New York to add top talent to its virtual currency team. This new regulation provides the Department with additional tools and resources to regulate the virtual currency industry.

Paypal Crypto Owners Can Now Transfer Tokens to Wallets

Paypal Crypto Owners Can Now Transfer Tokens to Wallets

Fintech giant Paypal Holdings has upgraded its crypto wallet capabilities. Users of the app can now send supported digital assets to other wallets.

New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?

New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?

Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.

$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin.

Andreessen Horowitz Names New York Stock Exchange’s Top Regulator to Head Its Cryptocurrency Unit

Andreessen Horowitz Names New York Stock Exchange’s Top Regulator to Head Its Cryptocurrency Unit

Andreessen Horowitz venture capital firm hires the current head of the New York Stock exchange (NYSE)’s regulatory unit.

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