#nydfs

➤ The New York Department of Financial Services (NYDFS) and the European Banking Authority (EBA) have signed a Memorandum of Understanding (MoU) to enhance cooperation on stablecoin supervision. ➤ This agreement facilitates information sharing and coordinated crisis responses between the two regulatory bodies, aiming to harmonize supervisory frameworks. ➤ The partnership will impact stablecoin issuers operating in both New York and the EU, potentially increasing compliance costs but also strengthening market integrity and consumer protection.

➤ Mastercard has received a New York BitLicense, enabling it to clear and settle crypto and tokenized assets directly. ➤ This move is part of Mastercard's long-term strategy to integrate stablecoins and tokenized deposits into its payment infrastructure. ➤ The approval aligns with a broader industry trend, as competitors like Visa also expand their stablecoin payment capabilities.

➤ Mastercard has secured a New York BitLicense, significantly advancing its strategy to integrate blockchain, stablecoins, and tokenized assets into mainstream financial infrastructure. ➤ This regulatory approval strengthens Mastercard's position in regulated markets and deepens its collaboration with partners like Ripple, which is already part of Mastercard's Crypto Partner Program. ➤ The move signifies a broader industry trend where major payment players are focusing on the underlying infrastructure for next-generation financial services, including blockchain settlement and tokenized assets, as evidenced by recent cross-border tokenized treasury transactions.

➤ Mastercard has obtained a BitLicense from the New York State Department of Financial Services, allowing it to legally offer stablecoin and tokenized deposit services in the state. ➤ This regulatory approval is part of Mastercard's broader digital asset strategy, which includes the acquisition of stablecoin infrastructure provider BVNK and past initiatives like cross-border US Treasury transactions on the XRP Ledger. ➤ The license positions Mastercard alongside other major crypto firms and signifies a move towards developing payment and settlement infrastructure for digital assets.

➤ Mastercard has obtained New York's BitLicense, allowing direct expansion of stablecoin and tokenized deposit payments without third parties. ➤ This move is part of Mastercard's strategy to integrate digital assets into its payment infrastructure, exemplified by its Multi-Token Network. ➤ The development aligns with a broader industry trend, as competitors like Visa also expand their stablecoin payment capabilities.

➤ Mastercard has obtained a BitLicense from the New York Department of Financial Services, enabling it to expand its regulated digital asset infrastructure and payment services. ➤ This license allows Mastercard to operate within New York's stringent crypto regulations, supporting its strategy in stablecoin settlements and tokenized payment networks. ➤ The move signifies the growing convergence of traditional finance and blockchain, with clear regulatory frameworks being crucial for institutional adoption and trust in digital finance.

➤ Mastercard has obtained a BitLicense from the New York Department of Financial Services (NYDFS), allowing it to offer stablecoin settlement and tokenized payment services. ➤ The license signifies Mastercard's commitment to integrating digital assets with existing financial infrastructure, adhering to strict cybersecurity, AML, and consumer protection standards. ➤ This move positions Mastercard alongside other major financial players in the evolving digital asset landscape, emphasizing regulatory compliance and innovation.

➤ Mastercard has obtained a BitLicense from the New York State Department of Financial Services for its U.S. transaction services unit. ➤ This approval allows Mastercard to operate under New York's stringent digital asset regulations, supporting its strategy for regulated digital asset payments and blockchain settlement. ➤ The license signifies a convergence of traditional finance and digital asset infrastructure, with Mastercard exploring stablecoins and tokenized deposits.