California enacted its own version of New York's "BitLicense" law, the Digital Financial Assets Law (DFAL),1 becoming one of the first US states to implement a virtual currency-specific regulatory regime.
California enacted its own version of New York’s “BitLicense” law, the Digital Financial Assets Law (DFAL), becoming one of the first US states to implement a virtual currency-specific.
Following a two-month public consultation period, on 15 November 2023 the New York State Department of Financial Services (NYDFS) published its new Virtual Currency Listing Guidance (the Guidance)
On September 18, the New York State Department of Financial Services (the DFS or the "Department") issued proposed guidance for BitLicensees and limited-purpose trust companies.