New York Department of Financial Services (DFS)

PayPal released a press release on Wednesday, October 21, 2020, announcing the launch of a new cryptocurrency service that will enable its users to buy, hold and sell cryptocurrencies. The press release comes on the heels of the New York Department of Financial Services announcement that PayPal was granted the state’s first “conditional BitLicense.”
Continue Reading PayPal Pushes Crypto Further into the Mainstream

On December 11, 2019, the New York Department of Financial Services (DFS) published proposed guidance regarding adoption or listing of virtual currency by holders of a BitLicense. Specifically, under the proposed guidance, DFS seeks comment regarding two proposed changes affecting coin listings, both of which are intended to streamline and expedite the process.
Continue Reading New York Proposes Virtual Currency Guidance