Paxos to end its relationship with Binance for branded stablecoin BUSD
Existing tokens remain fully-backed and redeemable through Paxos Trust Company through at least February 2024.
DFS
New York DFS releases regulatory guidance to protect investors in case of crypto insolvency
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
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
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
The New York DFS has approved the application of Bakkt Marketplace, LLC for virtual currency and money transmitter licenses.
BitGo granted DFS trust charter to provide digital asset custody services
The New York State Department of Financial Services has granted a charter under New York Banking Law to BitGo.
GMO secures DFS approval to issue JPY and USD-pegged stablecoins in New York
With DFS approval, GMO is authorized to issue, administer, and redeem Japanese Yen and U.S. Dollar-pegged stablecoins in New York.
PayPal secures NY DFS conditional Bitlicense
PayPal is the first to receive a conditional Bitlicense from the New York State Department of Financial Services.
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