New York State Department of Financial Services
DFS supervision can involve chartering, licensing, registration, filings, and examinations. Its official directory distinguishes banks, trusts, money transmitters, virtual-currency businesses, and other institutions. New York virtual-currency or money-transmitter authority does not establish SEC broker-dealer registration, FINRA membership, or protection for every crypto asset.
Trust tier
Established authority — check activity
Recognized regulator, but protection, enforcement, and compensation can vary by product and entity.
New York state financial-services permissions, including virtual-currency business licenses and limited-purpose trust charters where applicable.
This scope guide does not establish a compensation entitlement or amount. Confirm the exact entity, product, client category, and applicable scheme before relying on protection.
North America
What it means
How to read NYDFS regulation
- DFS supervision can involve chartering, licensing, registration, filings, and examinations. Its official directory distinguishes banks, trusts, money transmitters, virtual-currency businesses, and other institutions.
- Use the full contracting legal entity, not only the broker brand, when checking official records.
- This is an explanatory authority guide, not confirmation of an individual broker’s current license.
Limits
What this signal does not guarantee
- New York virtual-currency or money-transmitter authority does not establish SEC broker-dealer registration, FINRA membership, or protection for every crypto asset.
- It does not guarantee profits, reimburse ordinary market losses, or establish that every group affiliate is covered.
- A name match on BrokerVS does not verify the account’s permission or protection eligibility.
Verify
How to check this license
Read the official NYDFS source and locate the lookup for the relevant activity.
Match the legal entity, license or registration number, domain, activity, restrictions, and publication date.
Compare the record with your account agreement; ask the authority to confirm any stale, ambiguous, or unavailable status.
Red flags
When to be careful
- New York virtual-currency or money-transmitter authority does not establish SEC broker-dealer registration, FINRA membership, or protection for every crypto asset.
- The account agreement names a different entity or jurisdiction from the advertised authority.
- A registration, membership, or limited permission is marketed as unrestricted brokerage authorization.
Compare regulators
Other license guides
Important disclosure
Broker research, not investment advice
Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.