PANews reported on September 17th that, according to The Block, the New York State Department of Financial Services (NYDFS) issued new guidelines requiring banks to use blockchain analysis technology to identify and prevent risks such as money laundering, terrorist financing, and sanctions evasion when screening customer wallets and launching digital asset products. The NYDFS stated that as virtual currency business expands, traditional banks need to introduce new tools to address emerging threats and maintain financial system security. On the same day, the NYDFS issued a BitLicense and a money transmission license to Bullish .