NYDFS Financial News

13.01 / 00:37

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

Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity regulations, leading to its vulnerability to illicit activities and cybersecurity threats.

29.02 / 08:07

Gemini genesis NYDFS Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis

Gemini has reached a settlement in principle with Genesis, detailing a plan to distribute $1.8 billion to Earn users, with the process starting within two months, pending court decision.

09.01 / 08:45

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

Thomas DiNapoli, New York State Comptroller, highlighted that there is a potential deficiency in the state’s financial regulator’s supervision of virtual currency licenses.

21.11 / 19:05

FATF crypto regulation NYDFS Crypto Adoption Weekly Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations

The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed new international standards, Turkey pushed ahead with licensing requirements, Canada’s OSFI moved to refine industry rules, and NYDFS tightened token listing and delisting policies.

16.11 / 10:55

Platform NYDFS innovations Department guidelines NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms

The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies.

19.09 / 12:33

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

On Monday, the New York Department of Financial Services (NYDFS) introduced updated standards for its virtual currency oversight while removing Ripple (XRP) from "its approved list of cryptocurrencies."

18.09 / 19:55

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

The New York Department of Financial Services (NYDSF) seeks to introduce new guidelines on the listing and delisting of digital assets by venture capital entities.

18.09 / 17:41

regulation BItlicense NYDFS guidance regulatory NYDFS calls for public feedback on proposed crypto regulatory guidance

The New York State Department of Financial Services, or NYDFS, has called on the public to provide feedback to a proposal aiming to strengthen regulatory requirements for crypto firms operating in the state.

28.04 / 21:47

regulation Banks Federal Reserve banking Silvergate Bankruptcy NYDFS Fed, NYDFS assess their supervisory performance after March’s big bank failures

Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley Bank (SVB).

17.04 / 17:53

regulation fees BItlicense NYDFS Costs NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state.

17.04 / 04:43

regulation Silvergate NYDFS Blockchain Association files further FOIA requests over banking closures

More Freedom of Information Act (FOIA) requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association (BA) to two regulators.

05.04 / 21:59

regulation NYDFS Signature Bank 'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head

Adrienne Harris, superintendent of the New York Department of Financial Services, or NYDFS, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets.

22.02 / 03:55

regulation New York State NYDFS New York state announces another upgrade to its virtual currency monitoring capacity

The New York State Department of Financial Services (NYDFS) has announced enhancements to its ability to detect illegal activities with virtual currency among the entities its regulates. The new capacities are part of its efforts to keep pace with the industry and respond proactively to the virtual currency market, it said.

14.02 / 01:25

regulation Circle Paxos NYDFS Binance USD reserves Circle blew the whistle on Binance reserves to NYDFS: Report

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.

30.01 / 23:03

regulation Gemini lending NYDFS Financial New York financial regulator investigates Gemini over FDIC claims: Report

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

23.01 / 20:31

regulation Bankruptcy NYDFS NOT NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.

23.01 / 19:15

FTX NYDFS Financial Customers New York’s Chief Financial Regulator Mandates Firms to Separate Customers' Crypto Assets from Their Own

New York’s chief financial regulator plans to release new guidance that will mandate companies to separate their own crypto assets from that of customers'.

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