# New York and Wyoming Coordinate Digital Asset Oversight

On October 1, 2026, the New York State Department of Financial Services and Wyoming’s Division of Banking announced a memorandum of understanding to coordinate licensing reviews, examinations, information sharing, and enforcement involving virtual currency and digital asset businesses. Firms licensed or chartered in one state for at least three years, with no enforcement action and sufficiently similar operations, may receive an expedited application determination within six months. The MOU does not establish reciprocal licensing or restrict either regulator’s independent authority.

- Digital asset businesses pursuing state government work should review their licensing status and supervisory-readiness in both states; the MOU provides a possible expedited review path for qualifying firms, not automatic approval or cross-state authorization.
- Companies providing digital asset products or services to state agencies should account for the separate authority of each regulator when planning market entry and business operations in New York and Wyoming.
- Procurement teams evaluating digital asset providers can consider whether bidders’ licensing and examination readiness aligns with the states where services will be delivered.

**Jurisdictions:** sled
**Industries:** Information Technology
**Topics:** Regulatory Compliance
**Published:** October 09, 2026

### Government Entities
- New York State Department of Financial Services (NYDFS)
- Wyoming Division of Banking

### Sources
- [NYDFS and Wyoming Agree to Coordinate Digital Asset Oversight | Sheppard, Mullin, Richter & Hampton LLP - JDSupra](https://www.jdsupra.com/legalnews/nydfs-and-wyoming-agree-to-coordinate-8676850) - JDSupra