NYDFS Looking to Review the “Elusive” BitLicense

2019-10-24 11:00

The New York Department of Financial Services (NYDFS), the state’s financial watchdog, is hatching plans to review the highly controversial BitLicense regulation and possibly “relax” it a bit to lower the high barrier for entry.

The agency says it’s looking to collaborate with cryptocurrency market participants in the region, to revisit the license, reports FinanceRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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Источник: btcmanager.com

nydfs financial → Результатов: 57

BitLicense Becomes Subject of New York Financial Regulators Scrutiny Over Current Regime

The New York Department of Financial Services (NYDFS) has finally decided to review its most controversial decision in recent days. According to the head of the agency, Linda Lacewell, the agency is set to look into the infamous BitLicense and maybe consider some changes.

2019-10-23 00:42	Legal & Regulation
bitlicense financial york agency new infamous lacewell

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New York’s Financial Regulator Is Reviewing the Controversial BitLicense

The New York Department of Financial Services (NYDFS) is revisiting how it licenses crypto startups.

2019-10-23 20:45
new financial york revisiting crypto startups nydfs

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New York’s NYDFS to Hire a New Deputy Superintendent for Virtual Currency

The New York Department of Financial Services (NYDFS) has recently decided to upgrade its crypto-focused staff with a new hire. A new job advert posted online this week shows that the organization is now looking for a new Deputy Superintendent for Virtual Currency.

2019-10-5 00:58	Industry
new virtual currency superintendent york nydfs hire

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Lawsuit to abolish BitLicense moves to NY’s highest court

The latest update on BitLicense lawsuit filed by Theo Chino and his firm Chino Ltd. seeking to abolish BitLicense is that the case will move to the New York Court of Appeals, the state’s highest court.

2019-9-24 01:30
court lawsuit bitlicense highest chino abolish york

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NYDFS Faces Lawsuit To Abolish BitLicense as Case Moves To Highest Court of the State

A 2015 case against the New York State Department of Financial Services (NYDFS) has recently moved to the highest court of the state. The lawsuit, which was filed by the entrepreneur Theo Chino, wants to abolish the BitLicense.

2019-9-24 23:41	Legal & Regulation
case bitlicense state court nydfs highest lawsuit

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Lawsuit to Abolish BitLicense Moving to Highest NY Court

Theo Chino and his attorney Pierre Ciric have been trying to eliminate BitLicense almost since its enactment. Now they are pushing their case to The New York Court of Appeals, which is the highest court in the state of New York.

2019-9-22 20:57
bitlicense court york new highest lawsuit abolish

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CZ gives in to the dollar – to raise BNB

CEO Binance CZ achieved another victory in the US market and thereby pushed his BNB token to further growth. American regulator NYDFS (the New York State Department of Financial Services) has approved the launch of new stablecoin Binance USD (BUSD), pegged to the dollar, on the Paxos platform. Paxos has been acting in compliance with […]

2019-9-9 12:00	Paxos
binance new paxos bnb dollar launch approved

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Paxos Plants Physical Gold on the Blockchain with PAX Gold (PAXG)

Paxos Trust Company, a financial institution regulated by the New York Department of Financial Services (NYDFS), has announced the launch of PAX Gold, a distributed ledger technology (DLT) based cryptocurrency backed by genuine gold.

2019-9-6 16:21	Paxos
gold paxos paxg financial pax cryptocurrency blockchain

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Binance Launches Native Dollar-Backed Stablecoin

The Binance USD (BUSD) stablecoin was given the green light by the New York State Department of Financial Services (NYDFS).

2019-9-6 10:29	News
stablecoin binance state york new department services

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Paxos Launches PAX Gold (PAXG), A Gold-Backed Crypto Asset Based on Ethereum Blockchain

Paxos, a famous stablecoin operator, has recently decided to launch its newest asset: PAX Gold (PAXG). This Ethereum-based token is set to be launched soon and it will be the first cryptocurrency to be fully backed by gold.

2019-9-6 22:00
gold paxos asset paxg pax fully cryptocurrency

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Binance BUSD: New York Regulated Stablecoin Takes Aim At Tether

Binance USD (BUSD) – a stablecoin from the world’s largest crypto exchange – has been approved by the New York State Department of Financial Services (NYDFS), which has historically taken a hard line against cryptocurrency companies.

2019-9-6 16:55	US regulation
stablecoin binance new york busd crypto aim

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Bakkt Wins Regulatory Approval to Launch Bitcoin Futures

Bakkt has won approval from US regulators to trade physically-settled bitcoin futures, a move many believe would legitimize the cryptocurrency industry before institutional investors. The Intercontinental Exchange’s subsidiary announced on Friday that the New York Department of Financial Services (NYDFS) had given them clearance to acquire a New York state trust charter.

2019-8-17 23:20	bitcoin futures
bakkt futures bitcoin approval regulatory york wins

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Bakkt Can (Finally) Launch Bitcoin Futures, One Year After First Announcement

Bakkt has finally been given the green light to launch after the New York State Department of Financial Services (NYDFS) finally approved the platform’s custodial solution. Custody and physically delivered Bitcoin futures will launch on September 23.

2019-8-16 19:02	US regulation
bakkt launch finally futures bitcoin custodial approved

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Good News For Bakkt? NYDFS Announces Crypto-Licensing Division

The New York State Department of Financial Services (NYDFS) yesterday announced the creation of a new division for licensing crypto-businesses. The ‘Research and Innovation’ Division will supervise and license virtual currencies, address financial inclusion through technology, protect consumer data rights, and encourage innovation in the financial services marketplace.

2019-7-24 19:00
division nydfs new financial crypto-licensing innovation bakkt

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Fidelity Digital Asset Service (FDAS) applies for Trust License in New York

Fidelity Digital Asset Service (FDAS), the crypto sidearm of the Wall Street Brokerage Firm Fidelity has applied for a Trust license in the New York Department of Financial Services (NYDFS). FDAS provides custody services for digital assets in a handful of states currently.

2019-7-24 03:57
trust license fdas digital fidelity york new

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New York Grants Bitlicense to Institutional Crypto Exchange Seed CX

NYDFS has granted two BitLicenses to subsidiaries of Seed CX, allowing the company to offer crypto services to financial firms.

2019-7-16 17:16
seed crypto allowing subsidiaries firms financial offer

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Robinhood Uses BitLicense, Brings Zero-Fee Crypto Trading to New York

By CCN: Robinhood has brought its popular commission-free crypto trading app to New York investors. The California-based startup announced Thursday that it is launching bitcoin, ethereum, and other cryptocurrency trading services in New York.

2019-5-25 16:48	Robinhood
crypto york robinhood new trading bitcoin bitlicense

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New York State Department of Financial Services BitLicense – key provisions virtual currency businesses should consider

In 2013, cryptocurrency investors, enthusiasts, financial regulators and the crypto community witnessed the largest bitcoin exchange in the world, Mt. Gox, collapse. New York regulators decided they needed to step in and ensure that kind of thing did not happen in their state.

2019-5-13 11:56	New York
new financial york state services department consider

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Bittrex Claims NYDFS’ Problematic Exchange Accounts Were from South Korea, Not North Korea

If Bittrex is to be believed, the New York Department of Financial Services (NYDFS) got the two Koreas mixed up. The crypto exchange has affirmed recently that the New York regulators made a mistake when they identified two users as North Korean in the exchange.

2019-4-23 02:20	Cryptocurrency News
bittrex exchange regulators north new york korea

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NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

Bittrex is not telling the full story about its BitLicense denial, a New York Department of Financial Services official writes.

2019-4-19 22:00	Bittrex
bittrex bitlicense department york new denial writes

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Bittrex Goes on the Offensive After BitLicense Rejection

Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.

2019-4-12 19:57	Regulation
bittrex new exchange nydfs had york state

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Bittrex vs NYDFS: Parties make contradictory statements after Bittrex denied BitLicense

The relationship between the cryptospace and the New York State Department of Financial Services has always been edgy, with some claiming that New York is hostile towards the cryptocurrency space.

2019-4-11 18:30
bittrex regulatory york new bitlicense make parties

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New York: NYFDS Rejects Bittrex’s BitLicense Application

On April 10, 2019, the New York Department of Financial Services (NYDFS) rejected Bittrex cryptocurrency exchange’s application seeking the coveted BitLicense. The BitLicense would have allowed the exchange to operate in one of the world’s most significant financial hotspots.

2019-4-11 15:26	News
application bitlicense bittrex financial rejected exchange york

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Bittrex: New York’s denial of our BitLicense application contained ‘factual inaccuracies’

Seattle-based cryptocurrency exchange Bittrex is “saddened and disappointed” by the New York Department of Financial Services’ (NYDFS) rejection of its BitLicense application. In its official statement, Bittrex said it fully disputed the findings of the NYDFS decision.

2019-4-11 13:27	hard fork
nydfs bittrex several compliance said rejection factual

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Bittrex fails to obtain BitLicense, New York regulators cite poor internal controls

US cryptocurrency exchange Bittrex had its BitLicense application rejected by the New York Department of Financial Services (NYDFS) after years of scrutiny. The agency rejected the application because of alleged deficiencies in anti-money laundering practices alongside poor due diligence over token launches, among other shortcomings.

2019-4-11 10:22	Regulation
york poor new bitlicense bittrex application controls

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Bittrex provides statement on NYDFS decision to deny BitLicense

CryptoNinjas Earlier today, the New York Department of Financial Services (NYDFS) released a statement regarding the denial for the applications of crypto exchange company Bittrex to engage in business and money transmission activity in New York due to failure to meet the licensing requirements of DFS.

2019-4-11 00:59
bittrex nydfs statement york new deny provides

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Bitstamp USA Becomes Nineteenth Firm to Receive BitLicense

The New York Department of Financial Services (NYDFS) has granted its nineteenth BitLicense to Bitstamp USA, a subsidiary of Bitstamp, the department announced on April 9, 2019. New Members In the first quarter of 2019, several firms were granted the coveted virtual currency license from New York state’s financial regulator, popularly called the BitLicense.

2019-4-10 18:11	Regulations
bitlicense new bitstamp granted 2019 department financial

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Cottonwood Becomes Second Cryptocurrency ATM Operator to Receive Bitlicense

U. S. -based cryptocurrency ATM operator Cottonwood Vending has been granted regulatory approval to operate in the state of New York. As such, Cottonwood has become the second cryptocurrency ATM operator to receive a Bitlicense by the New York State Department of Financial Services (NYDFS).

2019-2-1 16:15
cottonwood operator atm cryptocurrency new bitlicense receive

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NY Regulators Issue BitLicense to Company With 88 Bitcoin ATMs

The New York State Department of Financial Services (NYDFS) has granted yet another Virtual Currency License (BitLicense) to one more NY-based bitcoin ATM company. Cottonwood Vending Gets the Green Light In a tweet on the official page of the NYDFS, the regulator announced that it has granted a BitLicense to Cottonwood Vending LLC, a Bitcoin ATM company in New York.

2019-2-1 13:00
company bitcoin bitlicense cottonwood vending license currency

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Cottonwood Vending Bitcoin ATM Network Operator Granted New York’s BitLicense

Another Bitcoin ATM operator has received one of the hardest licenses to get in the United States: New York’s BitLicense. The lucky company is Cottonwood Vending LLC, which was granted the license today, January 31, from the New York Department of Financial Services (NYDFS).

2019-1-31 21:51	News
bitlicense new york license vending hardest get

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BitLicense Applications Still Await Reply After NYDFS’s Approach Is Deemed “An Absolute Failure”

BitLicense Applications Still Waiting For A Reply, After NYDFS’s Approach Is Deemed “An Absolute Failure” The New York Department of Financial Services has been innovative in their approach to cryptocurrency regulations.

2018-12-12 23:09	News
approach failure cryptocurrency bitlicense absolute reply still

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New York Regulator Issues BitLicense to NYDIG For Custody and Trading

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin Cash, Ether, XRP, and Bitcoin.

2018-11-15 17:00	Regulation
nydig york new custody bitcoin company bitlicense

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NYDFS Approves 14th BitLicense to NYDIG for BTC, BCH, ETH, XRP and LTC Custody Service

On Wednesday, November 14, 2018, the New York State Department of Financial Services (DFS) has approved and since granted, New York Digital Investment Group’s arm, NYDIG Execution LLC a BitLicense, which is essential for firms that offer virtual currency-related services.

2018-11-14 22:30	News
services nydig york new bitlicense offer firms

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Digital Asset ATM Provider Coinsource Acquires Bitlicense

Coinsource announced on Thursday that it has become the first digital asset ATM provider to be granted a Bitlicense in the state of New York. The company joins 12 other organizations that have already received the license for virtual currency businesses from the New York Department of Financial Services (NYDFS).

2018-11-2 12:00
bitlicense digital coinsource atm asset provider acquires

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Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.

2018-11-1 19:11	Regulation
coinsource new bitcoin york bitlicense state license

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NYDFS Approves Coinbase as a Regulated Crypto Custodian Service, Including for XRP

Coinbase Custody, the institutional arm of Coinbase, announced on Oct. 23 that it had obtained a license from the New York Department of Financial Services (NYDFS) to operate as an independent qualified custodian for digital currencies.

2018-10-25 15:59	Cryptocurrency
coinbase custody custodian nydfs license xrp crypto

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New York Regulator Approves Coinbase’s Custody Services for Six Cryptocurrencies

The New York State Department of Financial Services has licensed a subsidiary of Coinbase to operate as an independent qualified custodian. The regulator has also approved Coinbase’s custody services for six major cryptocurrencies.

2018-10-25 00:55	Virtual Currency
coinbase services york new custody cryptocurrencies six

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Coinbase Gains New York Crypto Custody Approval

Coinbase has been licensed as a qualified custodian for digital assets by the New York Department of Financial Services (NYDFS).

2018-10-24 13:19	News
coinbase new york assets digital nydfs services

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Coinbase Custody receives a license from New York regulator to offer crypto custody services

On October 23, a crypto company Coinbase announced that Coinbase Custody had obtained a license under New York State Banking Law to operate as an independent Qualified Custodian. Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS).

2018-10-25 13:08	security
coinbase custody new york crypto services operate

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Coinbase Custody Receives License from NYDFS, Coinbase Exchange Lists USDC Stablecoin

Coinbase Custody has acquired a license under New York State Banking Law to operate as an independent Qualified Custodian. “Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS),” reads Coinbase’s latest blog post.

2018-10-24 04:42	Cryptocurrency News
coinbase custody license nydfs york new operate

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“Someone’s Got to Be the Voice of Reason” — Kraken Responds to NY AG Report

The New York Attorney General’s office has pointed a finger at cryptocurrency exchange Kraken for “potential” violation of state regulations. Now, the San Francisco–based exchange is firing back, saying it does not appreciate what it sees as implications of illegality.

2018-9-21 18:10	Regulation
new kraken york powell general report attorney

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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07	Digital assets
stablecoins tether stablecoin stable usdt eichengreen bitcoin

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CarbonUSD Among 3 Stablecoins Launched This Week

It’s a busy week for believers of stablecoins. Carbon launched on Wednesday the third stablecoin making its debut this week — joining Gemini dollar and Paxos. On Sept. 10, Gemini and Paxos were approved by New York State Department of Financial Services (NYDFS) as regulated stablecoins, a move widely-hailed by fintech enthusiasts.

2018-9-13 15:30	StableCoin
week stablecoins carbonusd launched gemini among carbon

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Paxos Approved As Stablecoin, Tied To US Dollar

On the same day that New York State Department of Financial Services (NYDFS) approved the Winklevoss twins’ Gemini dollar as a regulated stablecoin, NYDFS approved Paxos Standard’s PAX coin (CRYPTO: PAX) as stablecoin and tokenized dollar.

2018-9-12 17:30	StableCoin
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Paxos Coin Approved As Stablecoin, Tied To US Dollar

2018-9-12 17:30	StableCoin
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NY Approves Stablecoins Gemini Dollar and Paxos Standard Token

The New York Department of Financial Services (NYDFS) has authorized Gemini Trust Company LLC, the cryptocurrency exchange platform founded by the Winklevoss brothers, and Paxos Trust Company LLC, formerly itBit, to offer a price-stable cryptocurrency pegged to the US dollar.

2018-9-12 22:39	StableCoin
paxos dollar gemini stablecoins trust company llc

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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).

2018-9-11 01:58	Investing
gemini paxos standard dollar stablecoins tokens ethereum

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New York Regulators Authorize Winklevoss Twins’ ‘Gemini Dollar’

The Winklevoss Twins, founders of the Gemini exchange, have received approval to launch their own cryptocurrency. Launching on the Ethereum blockchain, the “Gemini Dollar” is available right now, reports Forbes.

2018-9-11 23:47	Cryptocurrency News
gemini dollar twins winklevoss york new stablecoin

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Bitcoin Payments Processor BitPay Granted BitLicense

After being criticized by the bitcoin community for its overly draconian nature, it appears the New York authorities are now ready for serious business. U. S. -based bitcoin payments processor BitPay has been granted the BitLicense, making it the eighth cryptocurrency related business to gain the New York Department of Financial Services (NYDFS) approval in three years.

2018-7-18 14:00
bitcoin granted bitlicense bitpay processor payments york

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Crypto Trading Firm Cumberland Acquires New York's BitLicense

The firm said it's one of the only principal trading firms to hold the state's crypto license.

Adrienne Harris leads the largest crypto regulatory unit ‘probably anywhere in the world’

Under Adrienne Harris's leadership, the NYDFS has executed a two-year transformative initiative to strengthen its oversight of virtual currencies.

NYDFS’s Crypto Chief Resigns, What’s Next For New York’s Digital Currency Rules?

According to a recent report, Peter Marton, a pivotal player in crypto regulations and Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYSDFS), has resigned from Marton’s esteemed role.

New York Financial Watchdog NYDFS Adopts New Rule, Here’s What It Entails

Coinspeaker New York Financial Watchdog NYDFS Adopts New Rule, Here’s What It Entails Before now, New York's Financial Services Law vividly lacked such provision that would seek to assess operating costs.

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

‘Ludicrous’ to think Signature Bank’s collapse was connected to crypto, says NYDFS head

The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement “Operation Choke Point 2.0.”

SEC Objects to Binance.US’ $1B Voyager Deal, Alleging Sale of Unregistered Securities

Federal and New York regulators object to the billion-dollar deal, saying it is potentially unlawful and discriminatory.

2019-10-24 11:00

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