Crypto Exchanges’ Search for Regulatory Certainty – New York Takes First Mover Advantage – Lexology

The New York State Department of Financial Services (DFS) last week announced that it had authorized Paxos Trust Co. LLC (formerly itBit Trust Co.) to offer a permissioned, blockchain-based post-trade platform settlement service, and has granted a virtual currency license to Genesis Global Trading Inc. With these authorizations, DFS has now approved seven firms for virtual currency charters or licenses.

via Crypto Exchanges’ Search for Regulatory Certainty – New York Takes First Mover Advantage – Lexology.