The move will bolster the state’s BitLicense regulator following Superintendent Linda Lacewell’s departure.
Linda Lacewell announced a revamp of NYDFS's BitLicense last year.
All authorized virtual currency service providers will be required to submit diversity data of their boards and management to the NYDFS.
Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.
NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.
NYDFS proposals following the Twitter hack are a warning to everyone using centrally controlled "designated" platforms.
The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.
The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.
The crypto custody provider has filed paperwork with New York's financial regulator to offer its services in the state.
NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.
NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary.
The regulator hopes the new three-strike rule will encourage BitLicense applicants to ensure they've taken its feedback on board.
While some exchanges left New York in the wake of its implementing the BitLicense, others say the regulatory regime have helped build market share and revenue.