2026-01-15 09:30:22

The regulatory authorities in the New York area recently proposed new policy recommendations aimed at strengthening the standardized management of the cryptocurrency industry. The core plan includes three aspects: First, requiring all crypto-related businesses to obtain legal licenses, with violations facing criminal penalties; second, mandating the implementation of KYC (Know Your Customer) procedures to ensure traceability of funds; third, strictly regulating crypto ATMs and other self-service currency exchange tools to prevent them from becoming channels for money laundering or criminal fund transfers. Regulators believe that unlicensed crypto services and various anonymous currency exchange channels pose serious risks. Standardizing market order and closing legal loopholes have become the current policy focus. This move reflects the ongoing emphasis of major global financial centers on risk management in crypto assets.

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SatsStacking

· 01-18 08:59

Now New York is really getting serious. Full KYC coverage is truly unsustainable. After playing with the licensing system, small exchanges are probably going to be eliminated. ATM fees are also being implemented, which is quite harsh... But on the other hand, anonymous currency exchanges are inherently prone to issues.

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CrossChainBreather

· 01-17 20:10

New York is back again, this time trying to turn crypto into Bank 2.0? I understand KYC, but now they want to regulate ATMs too? It feels like we're moving further away from decentralization.

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NFT_Therapy_Group

· 01-17 12:57

Here we go again, New York is really trying to completely shut down crypto. Mandatory KYC? Then what's the point of playing anymore? What about privacy rights? They’re not letting go of crypto ATMs either. These people are really panicking.

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GasFeeTherapist

· 01-16 18:30

New York is starting to do this again, KYC, licensing, ATM regulation... It sounds very serious, but the problem is, can this really stop money laundering? It feels like they're trying to eliminate small exchanges entirely, while big institutions have long been compliant. It's the old routine again—regulations are tightening, and the activity space for small retail investors is shrinking. Now the peer-to-peer route is also being blocked? Thinking about it carefully, it's terrifying. Standardization is a good thing, but I don't know what kind of surprises will come up when it’s implemented.

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0xOverleveraged

· 01-15 10:00

After this series of actions in New York, unlicensed small workshops are probably going to have to wash up and go to sleep.

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MidsommarWallet

· 01-15 10:00

Here we go again, New York is really going to clamp down hard on crypto. With KYC requirements, is there still any hope for privacy? Licenses, penalties, tracing funds... sounds compliant, but actually it's pushing people out. Even crypto ATMs need cards? How are small retail investors supposed to play? This round, it feels like the crypto world will undergo another reshuffle—big exchanges stay stable, small projects suffer. Regulation is a good thing, but the intensity... is a bit harsh. New York is experimenting and learning; let's see how other states follow suit.

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QuietlyStaking

· 01-15 09:59

Here we go again, New York is really going to crack down hard on the crypto industry. I'm really annoyed by the KYC system. Without privacy, how can we even operate? ATM banned? It should have been banned a long time ago; anyway, it won't be used many times.

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ILCollector

· 01-15 09:57

Here we go again, the New York way... That KYC stuff, when you get right down to it, is just suffocating privacy.

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FlatTax

· 01-15 09:56

Here comes the regulation again. Is New York trying to drive everyone out? KYC is really annoying. Without privacy, what's the point of playing? Licensing and criminal fines—just hearing about it makes you realize they're trying to harvest the leeks. A wall of ATMs makes on-chain privacy seem almost there. Are they forcing people to use Monero? But on the other hand, unregulated growth also needs to be managed. The approach is so hardcore that it’s hard to resist. New Yorkers have nailed it down. What about Silicon Valley? Is it time to move the capital?

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