Non-EU Regulators

New York State Department of Financial Services (NYDFS)

New York State financial regulator — operates the BitLicense regime, the most rigorous US state crypto framework.

Definition

NYDFS supervises financial institutions in New York State. The BitLicense regime (since 2015) is the most rigorous US state-level crypto-asset framework. Banks chartered under NYDFS may also offer crypto-asset custody under specific guidance.