NYDFS

Regulation

Crypto Isn’t Just Money – It’s a Defense Against Discrimination

Financial discrimination shows just how precarious Americans' rights are in practice. Cryptocurrency is the solution — if an imperfect one at present.

Policy & regulation  ·  25 August 2018
Regulation

New York Finance Watchdog ‘Fiercely Opposes’ Sandboxes for Fintech Firms

The chief of New York's financial regulatory body said Tuesday that the agency is "fiercely opposed" to regulatory sandboxes for fintech firms

Policy & regulation  ·  3 August 2018
Regulation

Crypto Startups Don’t Need Sandboxes, They Need Greenhouses

"Sandbox" is a bad term to describe these regulatory programs, under which financial technology solutions can be safely seeded, fed, and controlled.

Policy & regulation  ·  2 July 2018
Regulation

Payments Firm Square Receives BitLicense from New York

Digital payments startup Square has received a BitLicense through the NY Department of Financial Services.

Policy & regulation  ·  18 June 2018
Exchanges

ItBit Exchange Adds 4 New Cryptos for Investors

ItBit says it has received approval in New York state to expand its trading and custody services to include four more cryptocurrencies.

Markets  ·  14 June 2018
Bitcoin

NYDFS Chief Defends State Regulator’s Crypto Approach

New York Department of Financial Services superintendent Maria Vullo defended regulators' actions in the crypto space during a panel discussion.

Markets  ·  7 June 2018
Exchanges

NY Grants Fifth-Ever BitLicense to Genesis Global Trading

The license is has come in for intense criticism, in part because so few firms have been granted one.

Policy & regulation  ·  17 May 2018
Exchanges

Winklevoss Crypto Exchange Wins Approval to Trade Zcash

Gemini exchange has added zcash trading and custody services in New York after receiving authorization from state's Department of Financial Services.

Policy & regulation  ·  15 May 2018
Regulation

New York Mandates Stronger Fraud Controls for Crypto Companies

The New York State Department of Financial Services announced new guidance for virtual currency entities today.

Policy & regulation  ·  7 February 2018
Regulation

Contortions for Compliance: Life Under New York’s BitLicense

New York passed the BitLicense in a vacuum. Now state and federal laws are catching up, often with poor coordination, causing a compliance nightmare.

Policy & regulation  ·  21 January 2018
NYDFS

Judge Dismisses Long-Shot Bid to Overturn New York Bitcoin Regulation

The New York State Court granted a motion to dismiss a two-year one-man lawsuit that tried to overturn the existing New York bitcoin law.

Policy & regulation  ·  3 January 2018
Regulation

Still Alive: NY Judge Delays Decision in Fight Against BitLicense

One New Yorker's fight against state's BitLicense just had a good day in court, with the judge pushing her final decision to next year.

Policy & regulation  ·  11 October 2017
Regulation

Bitcoin Exchange Gemini Leverages Banking Charter in Washington State Launch

Bitcoin exchange Gemini took an unusual path to extending its services to Washington state customers this week.

Policy & regulation  ·  15 June 2017
Exchanges

Coinbase Receives Approval To Trade Ether and Litecoin in New York

Cryptocurrency exchange Coinbase has just received approval to offer trading of litecoin and ether in New York state.

Markets  ·  23 March 2017
Regulation

Former NYDFS Counsel Joins Perkins Coie Blockchain Practice

Perkins Coie has hired a former NYDFS counsel who worked on the state's BitLicense regulatory framework.

Policy & regulation  ·  21 October 2016