A new program addresses innovative banking activities such as bank-fintech partnerships and digital assets while reinforcing guardrails around stablecoin activity. By Arthur S. Long, Parag Patel, Pia Naib, Ja Hyeon Park, and Deric Behar On August 8, 2023, the Board of Governors of the Federal Reserve System (FRB) issued guidance to the banking organizations that … Continue Reading
By authorizing the issuance of a stable token, “Blockchain Valley” leads the way in state digital asset adoption and integration. By Jenny Cieplak, Arthur S. Long, Yvette Valdez, Stephen P. Wink, Adam Zuckerman, and Deric Behar For the last few years, Wyoming has been a leader among US states at the intersection of digital asset innovation, … Continue Reading
Digital asset activities of licensed institutions must be approved and will be assessed for potential safety and soundness risks. By Arthur S. Long, Pia Naib, and Deric Behar On December 15, 2022, the New York State Department of Financial Services (NYDFS) issued final guidance to covered institutions engaging in (or seeking to engage in) virtual currency-related … Continue Reading
