About a year ago, Nikolay Denisenko, a former lead backend engineer at European fintech firm Revolut, began to formalize a process whereby “special customers” of his new crypto payments app, Brighty, could use their digital assets to buy real estate. Since then, demand has exploded. Brighty has brokered over 100 deals so far for wealthy customers of the Lithuania-licensed platform, enabling them to buy apartments with crypto, with many more in the pipeline. Residential real estate purchases are mostly ma ...

The New York State Department of Financial Services (NYDFS) has directed banking organizations under its supervision to implement blockchain analytics tools as part of their compliance frameworks, marking the regulator’s latest step to strengthen oversight of cryptocurrency activities. Superintendent Adrienne A. Harris issued the guidance on September 17, extending requirements previously applied only to licensed virtual currency entities to traditional banking institutions operating in New York. The dire ...