NYDFS regulator
Overview
The New York Department of Financial Services (NYDFS) serves as the state-level regulator for financial services and products within New York, covering banking, insurance, and virtual currency operations. It became a notable entity in the digital asset sector after implementing the BitLicense regime in 2015, mandating that companies involved in virtual currency activities secure a license. Additionally, the NYDFS carries out enforcement measures and publishes directives on regulatory adherence and consumer safeguards.
Within The Counterparty graph, NYDFS connects to 15 tracked entities, most strongly to Paxos, NY DFS BitLicense, Gemini Trust Company.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 15 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | Paxos | 96% |
governs | NY DFS BitLicense | 96% |
regulated_by | Gemini Trust Company | 95% |
mentions | Coinbase receives conditional OCC approval for national trust charter - Ledger Insights - blockchain for enterprise | 95% |
proposed_by | NYDFS USD-backed stablecoin guidance | 95% |
regulated_by | Paxos Gold | 95% |
proposed_by | NYDFS Paxos BUSD wind-down order | 95% |
chartered_by | Coinbase Custody Trust Company LLC | 95% |
governs | NYDFS Limited Purpose Trust Charter | 94% |
regulated_by | Circle | 92% |
Frequently asked questions
What is NYDFS?
NYDFS is a regulator tracked in The Counterparty knowledge graph. It is connected to 15 other tracked entities, most strongly to Paxos, NY DFS BitLicense, Gemini Trust Company.
What type of entity is NYDFS?
NYDFS is classified as a regulator (regulator) in The Counterparty knowledge graph.
What is NYDFS connected to?
In The Counterparty knowledge graph, NYDFS is linked to 15 other tracked entities, most strongly to Paxos, NY DFS BitLicense, Gemini Trust Company.