New York State DFS authorizes MoonPay to provide digital asset custody and OTC trading services
The charter authorizes MoonPay to provide digital asset custody and over-the-counter (OTC) trading services.
DFS
Pay-O-Matic to reopen locations in coordination with Western Union
The New York Department of Financial Services (DFS) has posted on an update on the status of Pay-O-Matic.
NY watchdog suspends licenses of Pay-O-Matic
The New York Department of Financial Services (DFS) has posted a consumer alert regarding Pay-O-Matic.
Paxos to pay $26.5M penalty to NY State for deficient due diligence of Binance, AML failures
Paxos will pay a $26.5 million penalty to New York State for failure to conduct sufficient due diligence of its former partner, Binance.
NY watchdog disrupts crypto scam, Meta shuts down 700 accounts associated with “Black Hat” advertiser
A multi-agency long-term investigation resulted in the disruption of a fraudulent cryptocurrency investment scam.
NY DFS announces $40M settlement with Block Inc
Superintendent Adrienne A. Harris secures $40 million settlement with Block, Inc. for inadequate AML program and virtual currency compliance failures.
NY DFS issues guidance on listing of virtual currencies
New York DFS today issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities.
OneMain to pay $4.25M penalty to NY State for violations of DFS’s Cybersecurity Regulation
OneMain Financial Group LLC will pay a $4.25 million penalty to New York State for violations of DFS’s Cybersecurity Regulation.
New York DFS takes possession of Signature Bank
The New York DFS has taken possession of Signature Bank, pursuant to Section 606 of New York Banking Law, in order to protect depositors.
NY regulator publishes consumer notice regarding Paxos-issued BUSD
DFS has ordered Paxos to cease minting Paxos-issued BUSD as a result of unresolved issues related to Paxos’ oversight of its relationship with Binance.
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