Regulatory Alerts2026-06-02
Added · Updated
Memorandum of Understanding on Cooperation Between NYDFS and EBA on Stablecoin Activity
The New York State Department of Financial Services and the European Banking Authority signed a Memorandum of Understanding to establish a framework for cross-border cooperation and information exchange regarding stablecoin supervision. The agreement mandates the timely sharing of data on stablecoin issuers, reserve assets, and compliance matters to ensure market integrity and consumer protection across both jurisdictions. It further outlines procedures for joint investigations, on-site inspections, and coordinated responses to emergencies or material infringements of regulatory requirements.
Topics
stablecoins
consumer
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