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Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures
10.4.2025
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation...
Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures
10.4.2025
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation...
The U.S. War on Crypto Isn’t Over
26.2.2025
The fact that the Trump administration has installed many crypto-friendly people in positions of power doesn’t mean that the industry will now get a free pass
NYDFS launches exchange program with Bank of England on crypto expertise
13.1.2025
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England
NYDFS launches exchange program with Bank of England on crypto expertise
13.1.2025
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England
NYDFS launches exchange program with Bank of England on crypto expertise
13.1.2025
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England
NYDFS approves BitLicense for Anchorage Digital subsidiary
16.12.2024
With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015
Ripple Swell: NYDFS Superintendent Adrienne Harris speaks on crypto regulation
16.10.2024
The eighth edition of Ripple’s Swell Conference began in Miami, Florida, today. The event spearheads the gathering of…
NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’
15.10.2024
Adrienne Harris, the head of the New York State Department of Financial Services, has been called the most powerful crypto regulator in the United States.
Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval
15.10.2024
Ripple's upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview
NYDFS 'More Eager Than Anyone' for Federal Legislation, Chief Says
26.9.2024
NYDFS Superintendent Adrienne Harris said any federal legislation should still keep a role for state regulators
New York regulator hunts crypto and AI specialist for policy unit
13.8.2024
The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services
Crypto Trading Firm Cumberland Acquires New York's BitLicense
17.6.2024
The firm said it's one of the only principal trading firms to hold the state's crypto license
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services
17.6.2024
According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional...
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
16.6.2024
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
30.5.2024
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday
Crypto Custody Tech Firm Fireblocks Unveils New York-Regulated Trust Company
10.5.2024
Fireblocks is also convening a licensed and qualified crypto custodian partner program with a starting line up of custodians from the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia
Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement
1.3.2024
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion...
Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis
29.2.2024
Gemini has announced its settlement with Genesis, plans to return $1.8 billion to Earn users, with the first distributions expected within two months, pending court approval.
The post Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis appeared...
Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators
29.2.2024
In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which also includes a $37 million fine, comes as a significant development for the exchange...