New York and Wyoming Partner to Coordinate Digital Asset and Virtual Currency Oversight

The New York State Department of Financial Services (DFS) and the Wyoming Division of Banking have signed a Memorandum of Understanding (MOU) to coordinate the supervision of firms engaged in virtual currency and digital asset activities across both states. This agreement aims to streamline compliance, facilitate responsible innovation, and enhance consumer protection by formalizing cooperation, sharing supervisory findings, and aligning examination timetables.