The New York Department of Financial Services (NYDFS) wants to update its contentious BitLicense, which regulates cryptocurrency businesses based in or serving customers in the Big Apple. Proposed changes include publishing a list of approved assets on the NYDFS website. Any licensed digital asset provider would be allowed to offer these as long as it notifies the regulator first. The department also wants to devise a “proposed model framework” to allow companies to create their own model system. If a company‘s plan is approved, the business would then be free to list new digital assets without the need to first get…
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