Tag Archives: NY DFS

New York State Department of Financial Services Issues Guidance on Fraud and Market Manipulation in Virtual Currency Markets

By Lily Katharine Hines and David Stein on February 8, 2018 Posted in Fintech, Regulatory Compliance

On February 7, 2018, the New York State Department of Financial Services (“DFS”) issued guidance for all virtual currency business entities (“VCBEs”) regarding the prevention of market manipulation and other wrongful activity. In a brief, two-page document, the DFS: (1) emphasized the importance of effectively preventing and responding to fraud and similar wrongdoing; (2) stated … Continue Reading