Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
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.
The move will bolster the state’s BitLicense regulator following Superintendent Linda Lacewell’s departure.
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.
PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”