NYDFS


Markets

NYDFS Plans to Collect Diversity Data From Banking and Crypto Institutions

All authorized virtual currency service providers will be required to submit diversity data of their boards and management to the NYDFS.

NYDFS is collecting diversity data from its regulated institutions, including crypto exchanges.

Finance

BitGo Hires Former NY BitLicense Deputy as Chief Operating Officer

Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.

BitGo COO Cassie Lentchner

Policy

State of Crypto: NYDFS Hackathon Is 'Testament' to Crypto's Growth

NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.

A depiction of NYDFS Superintendent Linda Lacewell, commissioned as part of CoinDesk's Most Influential 2020 series.

Policy

Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

Close- up on 1000 YEN banknote.

Policy

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.

climate

Policy

What It Means if Companies Like Twitter Are 'Systemically Important' to Financial Regulators

NYDFS proposals following the Twitter hack are a warning to everyone using centrally controlled "designated" platforms.

MOSHED-2020-10-23-11-29-28

Policy

PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer

PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”

PayPal

Markets

New York's Financial Regulator Puts Focus on Crypto Firms for Digital Reporting Initiative

The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.

NYDFS Superintendent Linda Lacewell

Finance

BitGo Applies to Be Regulated Custodian in New York State

The crypto custody provider has filed paperwork with New York's financial regulator to offer its services in the state.

BitGo CEO Mike Belshe (CoinDesk archives)

Markets

Binance Says Licensed Entities Can Now Use Its Stablecoin After Watchdog Approval

NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.

(Shutterstock)