Overview
The New York Department of Financial Services (NYDFS) regulates banks, insurers, and virtual currency businesses in New York. Issues bitlicense and limited purpose trust charters for digital-asset firms.
Recent Developments
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2026-10-15: $33M consent order with seb for historical BSA/AML failures (2015–2019 Baltic monitoring and correspondent banking gaps); Panama Papers–era review lineage (2026-10-16-nydfs-fines-seb-33m-aml, 2026-10-16-nydfs-seb-consent-order-press)
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2026-07-31: Granted limited purpose trust charter to circle-new-york-trust (2026-07-31-circle-nydfs-trust-charter).
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Other trust charter holders cited: Coinbase, Moonpay, Bitgo, Paxos (2026-07-31-circle-nydfs-coindesk).
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2015: Issued first bitlicense to circle.