New York Department Of Financial Services

New York Department of Financial Services

Video

New York Attorney General Seeks New Crypto Powers for State Regulators

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 Attorney General Letitia James on Friday. "The Hash" panel discusses the potential outcomes and how this might shape future crypto regulation.

By CoinDesk Inc

May 5, 2023 at 5:02 p.m. UTC

May 5, 2023

cdtvHash clipLetitia JamesNew York Department of Financial Services

Video

Nikhilesh de

New York Attorney General Seeks to Tighten Rules Over Crypto Firms: Report

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 Attorney General Letitia James on Friday according to reports in the Wall Street Journal and Bloomberg Coin Desk Global Policy and Regulation Managing [...]

By CoinDesk Inc

May 5, 2023 at 3:56 p.m. UTC

May 5, 2023

Nikhilesh DeBloombergWall Street JournalcdtvFM ClipLetitia Jamescrypto regulationNew York Department of Financial ServicesNik DeStateCrypto_Sponsor

Adrienne Harris, superintendent of the New York Department of Financial Services

Policy

Regulations

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”

By Cheyenne Ligon

Apr 5, 2023 at 3:14 p.m. UTC

Apr 5, 2023

regulationsNew York Department of Financial ServicesNew YorkAdrienne HarrisSignature Bank

Video

Bloomberg

NYDFS Says Signature Bank Closure Due to 'Crisis of Confidence' in Leadership

Signature Bank was not shut down for crypto related reasons the New York Department of Financial Services said Tuesday rejecting claims the regulator took over the bank to send an anti crypto message Meanwhile Bloomberg reports that the U S Department of Justice in Washington D C and New York were investigating possible lax monitoring [...]

By CoinDesk Inc

Mar 15, 2023 at 5:04 p.m. UTC

Mar 15, 2023

BloombergcdtvHash clipMoney LaunderingSignature BankDepartment of JusticeNew York Department of Financial ServicesNYDFSLax monitoring

Video

Binance

Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report

Approximately 6 billion of outflows has hit Binance's stablecoin BUSD since Feb 13 according to Coin Gecko data compiled by Reuters First Mover hosts weigh in on the latest developments after stablecoin issuer Paxos said last month it will stop minting new Binance USD BUSD tokens at the direction of the New York Department of [...]

By CoinDesk Inc

Mar 1, 2023 at 3:28 p.m. UTC

Mar 1, 2023

BinanceReutersPaxoscdtvCoinGeckoStablecoinFM ClipBUSDNew York Department of Financial Services

Markets

Binance

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

The BUSD supply decreased by more than 6% since Monday.

By Krisztian Sandor

Feb 14, 2023 at 6:03 p.m. UTC

Feb 14, 2023

BinanceBUSDNew York Department of Financial ServicesStablecoinburnSEC

Adrienne A. Harris, Superintendent of the New York Department of Financial Services

Policy

Regulations

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.

By Jesse Hamilton

Feb 13, 2023 at 4:02 p.m. UTC

Feb 13, 2023

regulationsPaxosNYDFSNew York Department of Financial ServicesStablecoins

Aerial view of Loser Manhattan skyline, New York City, USA

Policy

Regulations

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

By Jack Schickler

Dec 15, 2022 at 3:12 p.m. UTC

Dec 15, 2022

regulationsNew YorkNew York Department of Financial ServicesbankingTradFiNYDFS

Video

Crypto

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.

By CoinDesk Staff

Jan 26, 2022 at 4:22 p.m. UTC

Jan 26, 2022

CryptoNikhilesh DecdtvFintechFM ClipWall StreetAdrienne HarrisNew York Department of Financial ServicesNYDFS

Finance

Fidelity

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.

By Nate DiCamillo

Nov 19, 2019 at 5:25 p.m. UTC

Nov 19, 2019

FidelityNew York Department of Financial Services