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United States of America: Virtual Currency Licensee Assessments Rules

Progress

Current status
in force
19 Apr 2023 in force
31 Mar 2023 in force
10 Dec 2022 processing consultation
01 Dec 2022 in consultation

Scope

Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
central government
Implementation Level
subnational

Timeline of events

19 Apr 2023
in force

Implemented Virtual Currency Licensee Assessments Rules

On 19 April 2023, the Regulation on Virtual Currency Licensee Assessments of the New York State Department of Financial Services (DFS) entered into force. The Regulation empowers the DFS to collect supervisory costs from licensed virtual currency bu…

Event type order
Action type implementation
Government branch executive
Government body other regulatory body
31 Mar 2023
in force

Adopted Virtual Currency Licensee Assessments Rules

On 31 March 2023, the Regulation on Virtual Currency Licensee Assessments of the New York State Department of Financial Services (DFS) was adopted. The Regulation empowers the DFS to collect supervisory costs from licensed virtual currency business…

Event type order
Action type implementation
Government branch executive
Government body other regulatory body
10 Dec 2022
processing consultation

Closed consultation on Virtual Currency Licensee Assessments Rules

On 10 December 2022, the New York State Department of Financial Services (DFS) closed its consultation on the Virtual Currency Licensee Assessments Rules. Following the June 2022 amendments to the Financial Services Law Section 206 (a) which require…

Event type order
Action type consultation closed
Government branch executive
Government body central government
01 Dec 2022
in consultation

Opened consultation on Virtual Currency Licensee Assessments Rules

On 1 December 2022, the New York State Department of Financial Services (DFS) released the Virtual Currency Licensee Assessments Rules and opened a public consultation until 10 December 2022. Following the June 2022 amendments to the Financial Servi…

Event type order
Action type consultation opened
Government branch executive
Government body central government