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.
DFS
OneMain to pay $4.25M penalty to NY State for violations of DFS’s Cybersecurity Regulation
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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
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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
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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.
Paxos to end its relationship with Binance for branded stablecoin BUSD
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Existing tokens remain fully-backed and redeemable through Paxos Trust Company through at least February 2024.
New York DFS releases regulatory guidance to protect investors in case of crypto insolvency
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The guidance reminds DFS-regulated virtual currency companies of regulatory expectations regarding the safekeeping of customer assets.
Coinbase reaches $100 million settlement with New York DFS
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Superintendent Adrienne A. Harris announces $100 million settlement with Coinbase, Inc. for failings in the company’s compliance program.
NY DFS outlines criteria for USD-backed stablecoins
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New York State Department of Financial Services (DFS) has outlined criteria for USD-backed stablecoins issued by DFS-regulated entities.
DFS fines MoneyGram $8.25M for suspicious transactions
MoneyGram has agreed to pay $8.25 million in penalties pursuant to a Consent Order entered into with the New York DFS.
NY DFS grants virtual currency license to Bakkt Marketplace
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The New York DFS has approved the application of Bakkt Marketplace, LLC for virtual currency and money transmitter licenses.
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