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New York Department of Financial Services
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
The BUSD supply decreased by more than 6% since Monday.
Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters
The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.
New York Banks Must Seek Advance Permission for Crypto Activity, Regulator Says
New guidance from the state Department of Financial Services sets a 90-day advance notice period
New York Senate Confirms New Top Financial Regulator
The New York Department of Financial Services confirmed Adrienne Harris, a former federal official and professor, to run the Wall Street regulator Tuesday. Harris has been serving as the acting Superintendent of NYDFS since her nomination in August 2021. CoinDesk's Nikhilesh De discusses the implications for crypto, fintech, and financial services regulation at large.
Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions
The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading.
Crypto Exchanges Should Take a Hard Look at IP Address-Masking Services
Cryptocurrency exchanges will likely have to reckon with VPN access as part of any regulatory or law enforcement actions for market manipulation.
Crypto Isn't Just Money – It's a Defense Against Discrimination
Financial discrimination shows just how precarious Americans' rights are in practice. Cryptocurrency is the solution — if an imperfect one at present.
NY Regulator Argues BitLicense Regulation Boosted Businesses
Maria Vullo highlighted the state's early involvement in cryptocurrency. But many think New York's BitLicense desperately needs an overhaul.
