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New York’s Crypto Regulator Publishes Formal Stablecoin Guidance

NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions.

The New York Department of Financial Services issued its first guidance regarding stablecoins. (Gary Hershorn/Getty Images)
The New York Department of Financial Services issued its first guidance regarding stablecoins. (Gary Hershorn/Getty Images)