CHINO v. NEW YORK DEPT. OF FIN. SERVS.

9076, 101880/15.

171 A.D.3d 610 (2019)

100 N.Y.S.3d 1

2019 NY Slip Op 03008

Theo Chino et al., Appellants, v. New York Department of Financial Services et al., Respondents.

Appellate Division of the Supreme Court of New York, First Department.

Decided April 23, 2019.


This action arises from petitioners' application for a license pursuant to 23 NYCRR 200.3 (c) (2), pertaining to virtual currency. DFS neither approved nor rejected the application because the information petitioners provided was so sparse that no determination could be made, including whether the business activity plaintiffs were seeking to engage in required licensing under the challenged regulation. Petitioners never sought to provide the missing information; nor did they...

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