Tags: BitLicense

New York DFS “Needs to Do More” on BitLicense program: State Comptroller

The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS‘ greenlist

Forge will have a right to custody digital assets, to purchase and sell them for legal tender, and to trade them against each other.

CEO of BitGo Mike Belshe at Consensus 2023. (Shutterstock/CoinDesk)

Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

NYDFS Superintendent Adrienne Harris in conversation with Chainalysis co-founder Jonathan Levin at a conference last year. (Cheyenne Ligon/CoinDesk)

New bills to set up a digital assets regulation in Illinois are supported by the local regulator, as states continue to surge ahead of U.S. agencies on cryptocurrency efforts.