Amy Greenwood-Field

Jul 2, 2024 | jdsupra.com | Rachael Aspery |Amy Greenwood-Field

American Bar Association’s Business Law Today June Month-In-Brief: Business & Regulated Industries. On May 30, 2024, the New York Department of Financial Services (DFS) published a press release and issued guidance to Virtual Currency Entities (VCEs) concerning the DFS’s expectations for the resolution of customer service requests and complaints (Guidance), which expands upon the current requirements found in 23 NYCCR 200.20.

May 14, 2024 | mondaq.com | Amy Greenwood-Field |Tiyanna D. Lords |Robert Savoie

In February 2019, the Pennsylvania Department of Banking and Securities (DoBS) issued public guidance on the applicability of the Money Transmitter Act (MTA) to virtual currency exchanges by means of a link entitled "Money Transmitter Guidance on Virtual Currency" on its Money Transmitter licensing page under the "Resources" heading. The MTA defines "money" as "currency or legal tender or any other product that is generally recognized as a medium of exchange." See Pa. Const. Stat. tit. 7 § 6101.

May 9, 2024 | jdsupra.com | Amy Greenwood-Field |Tiyanna D. Lords |Robert Savoie

In February 2019, the Pennsylvania Department of Banking and Securities (DoBS) issued public guidance on the applicability of the Money Transmitter Act (MTA) to virtual currency exchanges by means of a link entitled “Money Transmitter Guidance on Virtual Currency” on its Money Transmitter licensing page under the “Resources” heading. The MTA defines “money” as “currency or legal tender or any other product that is generally recognized as a medium of exchange.” See Pa. Const. Stat. tit. 7 § 6101.