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Nalezeno "new york state": 70

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

28.2.2023
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...

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...

New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

29.1.2023
The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state. Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly...

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

Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors

5.1.2023
New York’s attorney general has sued Alex Mashinsky, the former CEO of Celsius Network, for defrauding hundreds of thousands of investors by making false statements about the condition of the company to encourage money to keep coming in

New York State issues guidance for banks seeking to engage in activities with crypto

15.12.2022
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup

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

Report: The Oldest Bank in America, BNY Mellon Can Now Custody Bitcoin and Ethereum

11.10.2022
America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department...

Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas

3.8.2022
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The...

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

New York State To Ban Carbon-Powered Bitcoin, Altcoin Mining, While Kenya Fosters Green BTC

3.6.2022
As regulators across the world work to adopt varying stances on crypto mining, the US state of New York and the East African country of Kenya offer two examples of how legislators can thwart or foster crypto innovation through their initiatives.... Read More: New York State To Ban Carbon-Powered...