Tag: Department of Financial Services

Capital and Risk, Operational, Regulations

NY Department of Financial Services Releases Guidance for Use of Blockchain Analytics by Virtual Currency Entities

June 6, 2022

Via: JD Supra

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 chartered as limited purpose trust companies under the New York […]

Capital and Risk, Insurance

Florida DFS Adds More Property Insurance Fraud Investigators

December 6, 2021

Via: Insurance Journal

Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis said. The squads were authorized by the Legislature last year. […]


New York regulator plans to ease cryptocurrency rules

June 26, 2020

Via: Banking Technology

Under the proposed framework, crypto hopefuls can collaborate with authorised companies. These companies include existing BitLicense holders or firms with trust charters in the state. DFS expects firms that apply for the conditional licence to eventually make an application for […]