New York and Wyoming Set Six-Month Target for Crypto License Reviews
Photo: TokenPost
New York and Wyoming will coordinate crypto license reviews for firms operating in both states, setting a six-month decision target for eligible applications as federal trust charters expand competition for digital asset oversight. The joint process covers banking and trust charters in both states and New York’s BitLicense. State examiners plan to exchange findings and handle overlapping reviews together to limit repeat work. Applicants with three or more years of clean regulatory history and business models regulators consider substantially similar could receive faster reviews.
Source: TokenPost
