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Home»Blockchain»New York banks are clarity on blockchain analysis requirements for digital assets
Blockchain

New York banks are clarity on blockchain analysis requirements for digital assets

September 20, 2025No Comments
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The New York State (NYDFS) Financial Services Department gave a welcome clarity to banking organizations entering the digital asset industry. On September 17, 2025, updated NYDFS His regulatory advice To bring New York banks and dismissed branches of foreign banks, in the same analysis guidelines for blockchain, only applied to companies in virtual currencies.

These industry guidelines are pursuing the proactive NYDFS approach to digital asset regulation. By establishing coherent compliance standards both in traditional financial institutions and cryptocurrency companies, the NYDFS strengthens the regulatory basis for a flourishing digital asset industry in New York.

Build on advice in 2022

In April 2022, NYDFS Orientation issued demanding virtual currency companies authorized in New York to implement blockchain analyzes in their compliance programs. Directives have described how blockchain analysis tools support the reasonable diligence of customers, transactions monitoring and sanctions screening requirements.

Virtual currency companies operating within the framework of NYDFS monitoring have since integrated these tools into their compliance infrastructure, developing capacities to draw transactions, identify counterparties and detect models associated with illegal activity. The 2022 guidelines were part of the virtual activity of the NYDFS Virtual Currency (VCRA), which obliges regulated entities to obtain prior approval before engaging in new digital asset activities.

The new directives in 2025 advise the banks committed or envisaged by VCRA to reference the 2022 analysis councils and to consider taking advantage of the blockchain analysis tools to improve their compliance programs. It addresses the practical reality of banks increasing their exposure to virtual currencies through direct services or customer relations. In a world also more and more on chain, analytical capacities are essential for banks to effectively manage risks in traditional and digital asset activities.

Specific use cases for banks

The NYDFS describes several areas where banks should consider the blockchain analysis:

  • Taking customer portfolios with cryptographic transactions
  • Checking the VASPS fund source
  • Monitor customer exposure to financial crime in the cryptography ecosystem
  • Identify third party risks
  • Evaluation of transaction models against the expected activity
  • Development of risk assessments
  • Evaluation of virtual currency products or services

But applications extend beyond basic compliance functions. Banks acquire visibility on the cryptographic activity of customers that occurs outside traditional banking channels, allowing them to understand the entire scope of their exhibition. They can assess the compliance posture of VASP counterparts according to their blockchain footprint, providing a more in -depth preview of the counterpart risk than traditional reasonable diligence alone.

Blockchain Analytics also allows banks to compare real transaction models with the intentions of declared customers, to identify potential red flags or unusual behavior. Banks can take advantage of these tools in sandbox environments to test risk appetites and better understand counterpart behavior before extending their digital asset offers. This approach makes it possible to assess risks before launching new products, ensuring that banks enter these markets with appropriate controls and validated assumptions on customer activity.

Create a stronger and more efficient ecosystem

Banks and digital asset companies can now assess counterpart risks using current executives, reducing uncertainty and friction in their relationships. This shared approach allows institutions to exchange information on threats and information on emerging typologies, strengthening defense against illicit activity that tries to exploit gaps between traditional and digital finance. The advice ends a potential blindness for banks, which allows them to reconcile chain and out -of -chain data flows for complete visibility in the risks linked to the crypto.

Beyond risk management, Blockchain Analytics allows banks to develop new products and services. Companies like Robinhood, Stripe and Revolut have demonstrated how the combination of chain and out -of -channel capacities creates convincing products for retail and institutional customers. Directives effectively allow banks to compete in these markets, developing custody of digital assets, commercial services and crypto payment products with robust compliance checks.

Efficiency gains are also substantial. Common tools and executives reduce operational friction in partnerships between banks and basins. Sharing intelligence becomes more effective when institutions use the same analytical methodologies. More importantly, the whole industry becomes safer and more productive when all participants work with coherent standards and sophisticated tools to detect and prevent illegal activity.

How the elliptical supports NYDFS compliance

Since the 2022 directives, Elliptic has worked with virtual currency companies to meet the requirements of the NYDFS via complete blockchain analysis solutions. Our tools address each use case described in the advice, whether risk assessment,, counterpart And issuer due diligence, portfolio screening,, Transactions monitoring Or surveys.

For banks starting their blockchain analysis course, Elliptic provides:

  • Training and certification programs in Upskill compliance with teams on cryptographic typologies
  • Risk assessment tools which evaluate Vasp counterparts and identify a high -risk activity
  • Widest blockchains coverage in the industry to ensure complete visibility
  • API integration with transactions monitoring systems and existing transactions
  • Regulatory expertise teams that worked directly with entities regulated by the NYDFS

As banks develop their VCRA strategies as part of these new guidelines, the fact that the right blockchain analysis partner becomes essential. The same tools that have enabled cryptographic companies to prosper under the supervision of NYDFS are now available to help banks sail with confidence in evolution. Success in digital assets requires not only technology, but solid partnerships with providers who provide deep regulatory expertise and experience of support for entities regulated by the NYDFS.

Whether you are a bank that is preparing the VCRA, a regulator developing executives or an exchange of Crypto Building Banking Partnerships, Elliptic Blockchain Analysis Solutions can help you respect NYDFS standards with confidence. Contact us today to start.





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