Tags: DFS

Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

New York DFS “Needs to Do More” on BitLicense program: State Comptroller

XRP Attorney Addresses New York‘s Delisting of Ripple and Dogecoin, Denies Political Intentions

NYDFS Proposes New Guidelines on Listing and Delisting Crypto on Trading Platforms

The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS‘ greenlist

Today in Crypto: Authorities Seize Domains of 9 Crypto Exchanges, US 30 Mining Tax Proposal Enters Budget, UK to Ban Cold Calls Selling Crypto, YouTuber Served on Twitter

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

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

NYDFS Superintendent Adrienne Harris in conversation with Chainalysis co-founder Jonathan Levin at a conference last year. (Cheyenne Ligon/CoinDesk)

The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

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’.

The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.

New York regulator pushed back against claims that it shut down Signature due to crypto.

The New York State Department of Financial Services did not describe its new capacities, but said they will contribute to the detection of a variety of illegal activities.

Jesse Austin Campbell, former head of portfolio management, says that “probably, the greatest mistake you could have made is to be an onshore, regulated company in the crypto space.”

NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.

The company‘s complaint to the New York regulator reportedly came before the SEC‘s lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.

The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.