Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:municipality
|
| gptkbp:bfsLayer |
6
|
| gptkbp:bfsParent |
gptkb:Paxos_Trust_Company
|
| gptkbp:applies_to |
virtual currency businesses
|
| gptkbp:created_by |
gptkb:New_York_State_Department_of_Financial_Services
|
| gptkbp:depicted_in |
a barrier to entry for startups
a pioneering regulatory approach |
| gptkbp:enforces |
anti-money laundering regulations
New York State regulators |
| gptkbp:example |
state-level cryptocurrency regulation
|
| gptkbp:has |
compliance costs
|
| gptkbp:has_impact_on |
innovation in the fintech sector
|
| https://www.w3.org/2000/01/rdf-schema#label |
Bit License
|
| gptkbp:includes |
reporting obligations
|
| gptkbp:introduced |
June 3, 2014
|
| gptkbp:is |
controversial
specific to New York part of the regulatory landscape for cryptocurrencies |
| gptkbp:is_adopted_by |
other states as a model
|
| gptkbp:is_aimed_at |
enhancing market integrity
|
| gptkbp:is_associated_with |
increased regulatory scrutiny
|
| gptkbp:is_challenged_by |
industry groups
|
| gptkbp:is_criticized_for |
gptkb:lack_of_clarity
cryptocurrency advocates |
| gptkbp:is_designed_to |
ensure financial stability
prevent fraud foster trust in the cryptocurrency market protect consumers and investors |
| gptkbp:is_discussed_in |
legislative hearings
|
| gptkbp:is_implemented_in |
protect against systemic risks
|
| gptkbp:is_often_associated_with |
discussions about cryptocurrency regulation
|
| gptkbp:is_often_compared_to |
European regulations
|
| gptkbp:is_part_of |
New York's financial regulations
New York's regulatory framework for financial services |
| gptkbp:is_similar_to |
money transmitter licenses
|
| gptkbp:is_subject_to |
public comment periods
|
| gptkbp:key |
New York's cryptocurrency policy
|
| gptkbp:led_to |
businesses leaving New York
|
| gptkbp:mandates |
consumer protection measures
|
| gptkbp:meets |
mixed reactions from the industry
|
| gptkbp:part_of |
regulate emerging technologies.
|
| gptkbp:population_trend |
increased regulation of cryptocurrencies
|
| gptkbp:regulatory_compliance |
digital asset businesses
|
| gptkbp:requires |
capital requirements
cybersecurity measures annual audits licensing for cryptocurrency exchanges wallet providers background checks for owners and executives operating in New York |
| gptkbp:updates |
address emerging technologies
|
| gptkbp:was_a_response_to |
growing popularity of cryptocurrencies
|