NY Department of Financial Services Releases Guidance for US Dollar-Backed Stablecoins
Troutman Sanders
JUNE 21, 2022
On June 8, the New York State Department of Financial Services (NYDFS) issued new “ Guidance on the Issuance of U.S. Stablecoin reserves must be held in specific asset categories, including government money-market funds and deposit accounts at U.S.
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