NYDFS TO RELEASE GUIDANCE FOR REGULATED BANKS DOING CRYPTO

According to an interview given by NYDFS Superintendent Adrienne A. Harris to the Wall Street Journal, NYDFS will release guidance for regulated banks that interact with customers handling crypto or want to engage in the business themselves.  Superintendent Harris to WSJ: “Where some regulators have said, “No, banks, don’t engage in this at all,” we’ve taken a more realistic view of, ‘This is where the market is headed.’ Let’s lay out clear regulatory expectations [for those] that want to engage in the space.”

The WSJ article may be found here:   https://www.wsj.com/articles/new-york-financial-regulator-wants-to-lead-on-crypto-climate-change-11665739803?mod=Searchresults_pos1&page=1

 

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