Since 2020, MSBs have been required to: report suspicious money transactions; and complete other KYC verification when exchanging or transferring money as prescribed by the regulations. Effective June ...
The New York State Department of Financial Services (NYDFS) recently issued guidance on the use of blockchain analytics for all virtual currency businesses that either have a BitLicense or are ...
Financial authorities have faced criticism for failing to fulfill their fundamental role of establishing regulations and ...