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If a green pivot is to happen, power grids must become “supergrids,” continent-spanning networks that can move green energy thousands of miles. The technology is here, but politics may stand in the way.
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Yueqi Yang and
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Banks must seek and obtain prior approval before engaging in cryptocurrency-related activities, and those that already engage in such activities must immediately notify the agency, the New York Department of Financial Services said.
For banks already active in crypto, the department will seek further information and impose requirements as needed, it said in a statement Thursday. The guidance also applies to banks that use a third party to conduct any crypto-related business. As part of its review, the NY regulator said it would assess several areas, including the banks’ business plan, risk management, corporate governance and consumer protection.
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