New NYDFS Division to Oversee Licensing for Cryptocurrency Startups
The Research and Innovation Division will include an in-house team that supervises cryptocurrencies.
The New York Department of Financial Services (NYDFS) is revisiting how it licenses crypto startups.
The specialized crypto unit of the New York Department of Financial Services is beefing up its staff with another hire.
The crypto exchange will again extend its deadline for New York customers to withdraw funds from their accounts following the regulator's approval.
Binance's dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will soon be available for trading.
Binance has announced a dollar-backed stablecoin approved by NYDFS and launched in partnership with Paxos.