New York State Department of Financial Services

NYDFS issues advertising and marketing guidance for BitLicensees and limited purpose trust companies, effective May 12, 2027

In an industry letter dated November 12, 2026, the New York State Department of Financial Services told virtual currency entities licensed under 23 NYCRR Part 200 (BitLicensees) and limited purpose trust companies chartered under the New York Banking Law that they must develop, maintain and enforce comprehensive advertising and marketing policies, reviewed and approved annually by the board or a designated subcommittee. Materials must not be false, misleading or deceptive, claims must be evidence-based and verifiable, risk disclosures must be clear and conspicuous (including on paid testimonials), and the governance process must cover secondary review, brand-impersonation monitoring and third-party promoters. Effective May 12, 2027, compliant policies and procedures must be available for Departmental review.

New York State Department of Financial Services

Ripple National Trust Bank receives final OCC charter approval to manage RLUSD reserves and provide digital asset custody

Ripple said on 26 October 2026 that the Office of the Comptroller of the Currency (OCC) had granted final approval for chartering Ripple National Trust Bank (RNTB), a federally supervised national trust bank, following conditional OCC approval in December 2025. RNTB’s approved activities include managing the segregated reserves supporting RLUSD, acting as collateral trustee of those reserves for RLUSD holders and providing fiduciary digital asset custody; RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s NYDFS-regulated limited purpose trust company. (Source: Ripple’s release; no corresponding OCC news release was found on occ.gov when checked on 27 October 2026.)

Ripple

EBA classifies USDC as the first significant e-money token in the EU

The EBA classified USDC, issued in the EU by Circle Internet Financial Europe SAS, as the first significant e-money token under MiCA. From 12 November 2026 supervision of its own funds, reserve of assets, liquidity and recovery and redemption plans moves from France’s ACPR to the EBA, while the ACPR keeps governance and other areas. The EBA also signed an MoU with the New York State Department of Financial Services.

European Banking Authority