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Nalezeno "Department of Financial Services": 22

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

13.2.2024
Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing

New York's Crypto BitLicense Oversight Criticized by State's Comptroller

9.1.2024
The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli

New York finance regulator tightens crypto listing guidance

16.11.2023
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS

New York Regulator Seeks Tougher Norms for Adding, De-Listing Crypto Coins

18.9.2023
Licensees in the state will have to set out technology, market and regulatory risks for listed cryptocurrencies under the state’s BitLicense regime

Virtual Currency Chief at NYSDFS Leaves to Pursue a Career in Private Sector

15.9.2023
Peter Marton, the deputy superintendent of virtual currency at the New York State Department of Financial Services (NYSDFS), will be stepping down from his position at the end of this month. According to an internal memo seen by FOX Business, Marton will be leaving his job on September 29...

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’

28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment

19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...

DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization

17.6.2023
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4.394 billion, but the number of circulating...

Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts

19.5.2023
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

7.4.2023
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured...

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

5.4.2023
Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”

Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator

15.3.2023
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership...

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

13.3.2023
Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong...

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

17.2.2023
Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

13.2.2023
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees...

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...