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Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator.The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS
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Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two mark the first-ever artificial intelligence
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In this regard, protecting the company against intrusion and attack must be a high priority. For financial services, cybersecurity is a central concern. The biggest risk to business and government bar none is cyber threats. New York’s regulatory standard, written and enforced by DFS, is the national standard and a
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“I am neither an attorney nor legal expert, but I don’t think there’s any scenario in which Grayscale will sell their bitcoin and dissolve their trusts, regardless of this lawsuit,” said Weisberger. “Even if DCG is forced to sell the trust, it would just come under operational management by a
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New York Attorney General Letitia James today filed a lawsuit against cryptocurrency companies the Gemini Trust Company, trading firm Genesis Global Capital, and crypto conglomerate Digital Currency Group (DCG) for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. The lawsuit alleges
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New York’s attorney general has filed a lawsuit against cryptocurrency firms Gemini, Genesis and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment program.An official statement from the office of Attorney General Letitia James outlines the basis of the charges, claiming that the companies defrauded more than
Read MoreInformation Commissioner issues Enforcement Notice relating to backlog of 261 FOI requests Council must provide action plan on improving response times Council can be found in contempt for failure to meet terms of Enforcement Notice The Information Commissioner’s Office (ICO) has
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Licensees would need to assess legal, reputational and market risks of any new coins, and they'd also have to set out how they would reverse the process by de-listing a token, according to the consultation, proposed by NYDFS Superintendent Adrienne Harris. Source
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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
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Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal
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