Day: July 17, 2014

New York State Department of Financial Services Proposed Rules: Highlights

The New York State Department of Financial Services  has issued a proposed comprehensive regulatory framework for virtual currencies. The report covers licensing, application and fees, compliance, capital requirements, custodial issues, record keeping and examinations, disclosures, AML/KYC, cyber security, disaster recovery, advertising, consumer protection, complaints and more. The proposed rules include a 45 day period from …

New York State Department of Financial Services Proposed Rules: Highlights Read More »