The boundaries of debate over new stablecoin policy are emerging in statements reacting to the Treasury’s report.
The post Senators respond to US stablecoin report, setting stage for coming debate appeared first on The Block.
The Ethereum Name Service (ENS), an Ethereum-based, open-source protocol for domain names, announced Monday that it will decentralize its governance process through the use of delegates and a dedicated token.
The post Ethereum Name Service announces governance token plan appeared first on The Block.
DCG is hiring wealth advisors for a new wealth management business aimed at crypto millionaires.
The post DCG is hiring advisors for a planned wealth management business aimed at crypto millionaires appeared first on The Block.
Quick Take
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The regulatory environment surrounding the New York cryptocurrency ecosystem has been evolving since crypto companies first filed for Money Transmitter Licenses back in 2013.
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Any person or company conducting Virtual Currency Business Activity must attain a BitLicense as stated under the N.Y. Comp. Codes R. & Regs. Tit. 23 § 200.
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Businesses that have received the Superintendent’s approval in conjunction with being chartered under the New York Banking Law may engage in Virtual Currency Business Activity without holding a BitLicense.
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In total, the Block has identified 39 companies across 6 verticals in New York’s regulatory/licensure ecosystem in addition to a vertical dedicated to breaking down the N.Y. Comp. Codes R. & Regs. Tit. 23 § 200.