New York state and the New York Department of Financial Services (NYDFS) has long been an international hub for financial services. It has also been a leader at the forefront of digital assets. In 2015, it established the NY Limited Purpose Trust Charter for digital assets – and Paxos was the first company to secure this regulatory designation.
Hear what Paxos CEO Charles Cascarilla thinks of continued crypto and blockchain in New York. He sat down with NY1 on March 10, 2022 to cover dynamics in New York state and also highlighted the importance of the Executive Order for digital assets issued by the Biden Administration.