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On June 25, 2020, the United States Securities and Exchange Commission brought suit in the Northern District of California against NAC Foundation LLC, also known as the NationalAtenCoin Foundation, and Rowland Marcus Andrade, the company’s CEO, alleging that the company had violated the federal securities laws by selling an unregistered,
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Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. The bank would operate out of New York (where Paxos is already located), according to the filing. The company, which already has a New York trust charter and a slew of licenses, currently
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If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator. Source
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Crypto custody provider BitGo has filed paperwork with New York’s financial regulator to offer its services in the state. In an announcement Tuesday, the company said it was seeking approval from the New York State Department of Financial Services (NYDFS) to act as a trust in the jurisdiction. It plans, if approved,
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Just before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that
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