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New York regulator sets stablecoin rules
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Issuers must adopt "clear, conspicuous redemption policies", approved in advance by DFS in writing, that confer on any lawful holder of the stablecoin a right to redeem it in a timely fashion at par for the US dollar. Meanwhile, the assets in the reserve have to be segregated from the proprietary assets of the issuer and must be held in custody with state or federally chartered depository institutions or asset custodians.
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Berenberg cuts 50 jobs in New York amid weaker markets fnlondon.com /1 year ago
Berenberg cuts 50 jobs in New York amid weaker markets fnlondon.com /1 year ago
Berenberg cuts 50 jobs in New York amid weaker markets fnlondon.com /1 year ago
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