NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines

The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8 released formal guidelines for United States dollar-backed stablecoin issuers. The post NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines appeared first on CryptoSlate.