NY DFS proposed a new regulation for stablecoin issuers, outlining eligibility and compliance requirements.
What changed
Introduced comprehensive requirements for reserve backing and reporting for stablecoin issuers.
Compliance perspective
Entities must prepare to meet audited financial and reserve requirements.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.