MEDIUMVulnerability
Global
NYDFS proposes stablecoin regulatory framework
·Source: Finextra
Updated:
Executive Summary
New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow today announced a proposed regulation to build on New York’s first-in-the-nation stablecoin framework in accordance with federal regulations under the GENIUS Act.
Analysis
New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow today announced a proposed regulation to build on New York’s first-in-the-nation stablecoin framework in accordance with federal regulations under the GENIUS Act.