New York Banking Regulator Required to Adopt Blockchain Analytics for Risk Management
Yahoo Finance·2025-09-17 23:31
The New York State Department of Financial Services (NYDFS) has directed banking organizations under its supervision to implement blockchain analytics tools as part of their compliance frameworks, marking the regulator’s latest step to strengthen oversight of cryptocurrency activities. Superintendent Adrienne A. Harris issued the guidance on September 17, extending requirements previously applied only to licensed virtual currency entities to traditional banking institutions operating in New York. The dire ...