Cryptocurrency Analysis and News Portal
The primary regulator of New York will now decide which company is allowed to list or delist a cryptocurrency. The New York State Department of Financial Services (NYDFS) has unveiled a new set of “heightened standards” for listing and delisting cryptocurrencies as the market “has evolved sufficiently.” In a statement on Nov.
Read More
The new rules also require companies to give advance for token de-listings and to be more transparent with their customers about removing support for cryptocurrencies they once listed. In addition, the companies must formulate their policies based upon “specific business model, operations, customers and counterparties, geographies of operations, and service
Read More
The New York State Department of Financial Services (NYDFS) has called on the public to provide feedback on a proposal aiming to strengthen regulatory requirements for crypto firms operating in the state.In a Sept. 18 notice, the NYDFS said Superintendent Adrienne Harris had released proposals on guidance for “enhanced criteria
Read More
The new guidance will be the first one to key into delisting as a way of protecting investors. The New York State Department of Financial Services (NYDFS) is set to publish a new set of rules for crypto firms. The proposed guidance, per a Wall Street Journal report, will seek to
Read More
And from the crypto sector, investment firm a16z said, “We believe this proposed prohibition to be illegal, infeasible, and dangerous.” The letter signed by several executives suggested investment advisers would find the rule almost impossible to comply with, because it “largely failed to consider the logistics of how custody works
Read More
The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they’re the victims of fraud, under a bill proposed by the state’s Attorney General Letitia James on Friday, according to media reports. Source
Read More
https://www.dfs.ny.gov/system/files/documents/2023/05/ea20230502_bitflyer_usa_inc.pdf Source
Read More
Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of
Read More
The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state.In an April 16 announcement, the NYDFS said the supervisory costs enforced by the new regulation would be used
Read More
Adrienne Harris, superintendent of the New York Department of Financial Services, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets.According to an April 5 report in The Wall Street Journal, Harris made the remarks at the Chainalysis Links
Read More