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On September 10, 2018, the New York Department of Financial
Services granted approvals to Paxos and Gemini to offer price-stable
cryptocurrencies, or “stablecoins,” signifying that
regulators are open to approving novel crypto products if they are
offered properly.
Jeffrey Alberts, co-head of Pryor
Cashman’s FinTech Group, explains what this means for crypto
companies that are considering offering cryptographic products in
the future.
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.
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