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New York's financial regulator teams with European counterpart to close regulatory gaps in the rapidly evolving stablecoin market.
Regulatory partnership between NYDFS and EBA marks unprecedented cross-border coordination on stablecoin oversight.
Galaxy secures coveted New York BitLicense for institutional crypto services as shares tumble 7% amid broader market uncertainty.
Galaxy Digital's NYDFS BitLicense approval highlights how regulatory compliance increasingly favors well-capitalized crypto firms over smaller competitors.