Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The New York State Department of Financial Services
("NYDFS") approved virtual currency and money
transmitter license applications.
According to NYDFS, SoFi Digital Assets, LLC ("SoFi")
is now permitted to offer customers in New York the opportunity to
buy and sell virtual currency. Under the licenses, NYDFS stated,
SoFi will also be able to support the following virtual currencies:
Bitcoin, Bitcoin Cash, Ether, Ether Classic, LiteCoin and Stellar
Lumens.
NYDFS reported that since 2015, it has approved 24 virtual
currency licenses or trust charters.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
