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New York DFS “Needs to Do More” on BitLicense program: State Comptroller
9.1.2024
Source: Pixabay 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. The Office released a report stressing that the Department of Financial Services (DFS) “needs to...
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
20.11.2023
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected
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
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 Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
5.4.2023
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures
NY AG sues KuCoin for selling securities and commodities without registration
9.3.2023
New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court
New York state announces another upgrade to its virtual currency monitoring capacity
21.2.2023
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
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...
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
16.1.2023
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia
New York sued by environmental group after approval of crypto mining facility: Report
14.1.2023
The approval violates the New York climate law of 2019, plaintiffs claim. The facility was acquired by the Canadian crypto mining firm Digihost
New York proposes to charge crypto companies for regulating them
2.12.2022
The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
29.11.2022
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy
New York AG pushes prohibition of crypto purchases via retirement funds
23.11.2022
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts
US national crypto laws should look like New York's, says state regulator
16.11.2022
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation
New York state releases guidance for issuing dollar-backed stablecoins
8.6.2022
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
7.6.2022
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region
Law Decoded: The difference between New York City and New York State, April 25-May 2
2.5.2022
New York State moratorium on PoW mining reinvigorates the conversation around crypto industry's sustainability
Go green or go home? What the NY State mining moratorium could mean for crypto industry
1.5.2022
The “anti-technology” bill could accelerate mining operators' switch to renewable energy, experts say
New York Mayor urges state to abandon ‘stifling' BitLicense scheme
28.4.2022
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement
New York legislators to vote on PoW mining moratorium this week
25.4.2022
If passed, the suspension of both new licenses and renewal applications will last for two years