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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
On June 24, 2020, DFS proposed a new conditional licensing framework that makes it easier for start-ups to enter the New York market. Under the proposed conditional licensing framework, entities may apply for a conditional license when partnering with an existing entity authorized by DFS to engage in virtual currency business activity.
In 1859, the New York State Legislature created the New York State Insurance Department, and assumed the functions of the Comptroller and Secretary of State relating to insurance. [1] The department began operations in 1860 and William F. Barnes was the first Superintendent of Insurance. [ 1 ]
The DFS settlement comes amid increased discussion in New York over how to handle crypto regulation. As Fortune reported in December, DFS approved a program called Gemini Earn for a separate ...
In a press release shared on Monday, DFS said that the new guidance would "clarify" the department's expectations for coin-listing and delisting policies of DFS-regulated entities.
Benjamin Meier Lawsky (born April 14, 1970) [1] is an American attorney and New York State's first Superintendent of Financial Services [2] serving through June, 2015, and former Acting Superintendent of Banks [3] serving through 2011.
“New York DFS is a very highly regarded regulator in the U.S. and internationally, and they've issued the most detailed stablecoin guidance,” Long told Fortune. “So what that means is, for ...
Richard Weber is an American public servant currently serving as the General Counsel of the New York State Department of Financial Services. [1] He was the 23rd Chief of Internal Revenue Service, Criminal Investigation (IRS-CI) from April 1, 2012 to May 31, 2017.