Policy Reference

New York

Explore New York’s crypto laws, including BitLicense rules, state licensing, taxes, consumer protections, and digital asset regulation.

United States
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Law database

5 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
New York NYDFS Virtual Currency Assessment Regulation 23 NYCRR Part 102; DFS-03-23-00002-A Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

23 NYCRR Part 102: Virtual Currency Licensee Assessments

NYDFS Part 102 establishes how BitLicensees are assessed for DFS supervision and examination costs, using quarterly bills, a final true-up, custody and transaction metrics, and special assessments.

Last action: Jan 13, 2026 - DFS 2026 agency review

Profile Text of 23 NYCRR Part 102
NYDFS Limited Purpose Trust Company Virtual Currency Regime NY Banking Law Art. 3; 23 NYCRR Part 200 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

New York Banking Law limited purpose trust company charter for virtual currency business activity

New York charter route for virtual currency entities operating as limited purpose trust companies under DFS approval, supervision, custody, AML, cybersecurity and customer-protection standards.

Last action: Sep 30, 2025 - DFS issued updated custody-structure guidance applying to BitLicensees and New York Banking Law limited purpose trust companies that custody virtual currency.

Profile State source
NYDFS Coin Listing Guidance NYDFS Industry Letter, Nov. 15, 2023 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Guidance Regarding Listing of Virtual Currencies

NYDFS’s 2023 coin listing guidance sets approval, self-certification, Greenlist, risk assessment, and delisting expectations for New York-regulated VC Entities.

Last action: Jan 31, 2024 - Final delisting policies due

Profile NYDFS Guidance Regarding Listing of Virtual Currencies
BitLicense: New York Virtual Currency Regulation 23 NYCRR Part 200; DFS-29-14-00015-A Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Regulation of the Conduct of Virtual Currency Businesses

New York DFS rule requiring a license or approved banking-law charter for covered virtual currency business activity involving New York or New York residents, with compliance, capital, custody, AML, cybersecurity, reporting, and consumer-disclosure obligations.

Last action: Nov 15, 2023 - Coin-listing guidance updated

Profile NYDFS Virtual Currency Business Licensing
NYDFS Stablecoin Guidance NYDFS Industry Letter, June 8, 2022 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Guidance on the Issuance of U.S. Dollar-Backed Stablecoins

NYDFS guidance sets baseline redeemability, reserve, custody, and attestation expectations for U.S. dollar-backed stablecoins issued under DFS supervision.

Last action: Jun 8, 2022 - DFS issued the guidance; it remains listed on the DFS virtual currency guidance page without a stablecoin-specific supersession note.

Next: Jul 18, 2026 - GENIUS rulemaking deadline

Profile NYDFS Stablecoin Guidance Milestone source

Information is for general purposes only and not legal advice. See full disclaimer.