[New York State Department of Financial Services Signs Memorandum of Understanding with Wyoming Division of Banking to Coordinate Digital Asset Regulation] The New York State Department of Financial Services and the Wyoming Division of Banking have signed a Memorandum of Understanding aimed at coordinating the regulation and approval processes for digital asset companies. This agreement applies to businesses licensed or seeking approval in either state. Both parties will establish an information-sharing mechanism and streamline the license approval process. Companies with a three-year compliance operation record and no enforcement cases may qualify for an expedited review pathway. Additionally, both parties will coordinate examination schedules and retain joint enforcement rights.
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