The virtual technology Bitcoin uses a revolutionary technology called block chain. The scope of application is not limited to virtual currencies, and various companies, financial institutions, and ...

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) published an Industry Letter detailing the Department’s guidance regarding banking organizations that wish to engage in ...

Recognizing the evolving landscape of digital finance, the Conference of State Bank Supervisors (CSBS), an association of state financial regulators, issued advisory guidance on the treatment of ...

Virtual currency includes any type of digital unit that is used as a medium of exchange or a form of digitally stored value. It includes digital units of exchange that: Have a centralized repository ...