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NYDFS establishes new guidelines for crypto companies to enhance customer service standards

NYDFS establishes new guidelines for crypto companies to enhance customer service standards
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York state department of financial servicesNew york state departmentFinancial servicesVirtual currency entities

NYDFS Guidance on Cryptoasset Custody

New York Department of Financial Services issued industry guidance to Virtual Currency Entities who act as custodians, Guidance on Custodial Structures for Customer Protection in the Event of Insolvency, highlighting equitable and beneficial interests remaining with the customer.

New yorkUnited statesJohn raySamuel bankmanYork department of financial servicesCustodian limited interestUnited states bankruptcy courtNew york departmentFinancial servicesVirtual currency entitiesCustodial structuresCustomer protectionSamuel bankman friedSouthern districtCelsiu termsLearn accounts