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11 May 23

New York proposes legislation to allow stablecoins as bail payment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New York State has proposed new legislation that would authorize fiat-collateralized stablecoins as a means of bail payment. The bill, known as New York Assembly Bill 7024, introduced on May 10, would add stablecoins to the list of approved methods of […]

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05 May 23

New York AG proposes ‘nation-leading’ crypto regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New York State Attorney General (NYAG), Letitia James, is urging the state’s legislature to pass a law regulating the cryptocurrency sector that she claims will set the standard for the rest of the country regarding openness and investor protection. In a […]

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23 Apr 23

New York regulator and Danish central bank governor discussed crypto regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New York State Department of Financial Services (NYDFS) superintendent, Adrienne Harris, met with a delegation led by Danmarks Nationalbank governor, Signe Krogstrup, earlier in the week. According to a tweet by the NYDFS, Adrienne Harris met with Danish central bank governor […]

1671598162 Residents of New York City cant trade their namesake cryptocurrency

24 Jan 23

New York releases guidance to protect crypto users’ funds

The New York Department of Financial Services (NYDFS) has announced a raft of regulations to protect crypto firms’ customers in the event of insolvency. The Superintendent of the New York State Department of Financial Services (NYDFS), Adrienne A. Harris, has released regulatory guidance on custodial structures for customer protection in the event of insolvency for […]

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07 Jan 23

Barry Silbert’s DCG is reportedly being investigated by US SEC and New York authorities

Following the decision by the Digital Currency Group (DCG) to shut down its wealth management unit, United States authorities are now reportedly investigating the company’s internal financial transfers. The focus of the investigation According to anonymous sources, sleuths from New York are said to be scrutinizing Genesis, a crypto lender and subsidiary of DCG, which is also facing a […]

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07 Jan 23

New York court charges 2 crypto ponzi scheme promoters

On Friday, the United States Attorney for the Southern District of New York, Damian Williams, charged two more Forcount Ponzi scheme promoters. Forcount was a Brazil-based cryptocurrency scam that defrauded Spanish-speaking investors worldwide out of a total of $8.4 million. Nestor Nunez, also known as, “Salvador Molina,” was arrested on fraud charges in Spain on […]

1671598162 Residents of New York City cant trade their namesake cryptocurrency

21 Dec 22

New York financial regulator sets crypto guidelines for banks

The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operations. Banks must submit business plans before engaging in crypto In a statement issued Thursday, the NYDFS announced that banking institutions domiciled in the state must submit a business plan […]

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