US: New York Department of Financial Services Issues Virtual Currency License to Signature Bank for Commercial Banking Transactions

On December 4, 2018, the New York State Department of Financial Services (DFS) announced it had issued Signature Bank with authorization to offer a new digital payment platform, Signet. Prior to issuing the authorization, the DFS ensured that the bank maintains robust policies and controls related to anti-money laundering, anti-fraud and consumer protection measures.

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