NYDFS Sets New Crypto Service Standards

Rachana Saha

Crypto News - NYDFS sets crypto service guidelines: NYDFS mandates crypto service providers collect data for customer complaint resolution.

Companies must maintain records and accessible channels per NYDFS guidance.

NYDFS Superintendent stresses consumer rights to transparent complaint resolution.

Over US$177 million penalties imposed on non-compliant cryptocurrency firms.

Superintendent rejects claims of regulatory conspiracy, reaffirms transparency.