Topic
Stablecoins
332 published works
Blockchain Legal Resource
New York DFS Authorizes Two Stablecoins
On September 10, 2018, the New York Department of Financial Services authorized Gemini Trust Company and Paxos Trust Company to each offer a price-stable cryptocurrency, also known as a stablecoin,…
Cleary FinTech Update
New York Department of Financial Services Approves Gemini and Paxos Virtual Currency “Stablecoins”
By Michael H. Krimminger, Zachary Baum
This week, the New York Department of Financial Services (“NYDFS”) announced approval for its two licensed FinTech-oriented state trust companies, Gemini Trust Company LLC and Paxos Trust Company LLC (formerly…