United States of America: NYDFS Guidance on Custodial Structures for Customer Protection in the Event of Insolvency for providers of virtual currency
Progress
Current status
adopted
23 Jan 2023 adopted
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued NYDFS Guidance on Custodial Structures for Customer Protection in the Event of Insolvency for providers of virtual currency
On 23 January 2023, the New York Department of Financial Services (NYDFS) issued a Guidance on Custodial Structures for Customer Protection in the Event of Insolvency for providers of virtual currency. The Guidance outlines the consumer protection r…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body