New York Department of Financial Services
Coverage of New York Department of Financial Services in the Nexus archive.
- Circle secures NYDFS trust charter, adding state layer to federal USDC oversight
Circle obtained a limited-purpose trust charter from the New York Department of Financial Services (NYDFS) for Circle Internet Trust Company following final approval from the Office of the Comptroller of the Currency (OCC). This development adds a state-level regulatory framework to the federal oversight of Circle's USDC stablecoin.
- New York regulator proposes stablecoin rule to align with federal GENIUS Act, adds reserve limits
The New York Department of Financial Services (NYDFS) has proposed a stablecoin rule aligned with the federal GENIUS Act, introducing reserve concentration caps and mandatory risk management programs.
- New York’s Crypto Watchdog Teams With EU to Police Stablecoins
The New York Department of Financial Services and European Banking Authority announced a collaboration to oversee stablecoins. The partnership aims to enhance regulatory coordination on stablecoin activities.