Maria Vullo. Courtesy photo.
“These approvals demonstrate DFS’s commitment to protecting consumers and the virtual currency market while encouraging innovation, such as the expanded use of blockchain, and providing strong regulatory oversight to new and existing market participants,” said Maria Vullo, superintendent of the NYDFS.
May 17, 2018 at 04:40 PM
1 minute read
New York Department of Financial Services Superintendent Maria Vullo announced Thursday Paxos Trust Co. is now authorized to offer a blockchain-based precious metals platform, and Genesis Global Trading Inc.’s application for a virtual currency license was approved.
Both fintechs are among the first few recipients of the approvals they received.
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