For example, the virtual currency Ripple, among others, is seeking to eliminate fees and other transaction costs associated with moving funds across types of value, i.e. currency types, etc., as well ...

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) published an Industry Letter detailing the Department’s guidance regarding banking organizations that wish to engage in ...

Recognizing the evolving landscape of digital finance, the Conference of State Bank Supervisors (CSBS), an association of state financial regulators, issued advisory guidance on the treatment of ...

State law regulates the licensing and activities of VCBs. Although regulation by each state varies, agencies are working to make the licensing requirements across states more uniform. This article ...