News/New York State Department of Financial Services Encourages Virtual Currency Business Entities to Adopt Blockchain Analytics Services

New York State Department of Financial Services Encourages Virtual Currency Business Entities to Adopt Blockchain Analytics Services

Apr 29,2022,00:17
According to a virtual currency guide issued by the New York State Department of Financial Services (NYDFS), the department is encouraging virtual currency business entities to adopt blockchain analytics tools and services. This is to enhance KYC, transaction monitoring of on-chain activity and the identification of sanctions for on-chain activity in order to drive industry compliance.
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