New York State

The state of New York has taken a bold step forward in the world of cryptocurrency by introducing a bill that would make digital assets a legal form of payment within the state. What Happened: The legislation introduced on Jan. 26 outlined changes to the state’s current financial...

Banks registered in New York State must request regulatory approval 90 days prior to engaging in crypto assets, even if it is through a third party, according to the New York Department of Financial Services. According to the guidance released on Thursday, banks will be required to provide the...

A New York lawmaker introduced a bill this week to legalize psilocybin mushrooms for medical purposes and establish facilities where the psychedelic could be grown and administered to patients. Assemblyman Pat Burke (D) filed the legislation, which would create a system in New York that is...