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NYDFS 'More Eager Than Anyone' for Federal Legislation, Chief Says

[Sep 26 4:20 AM] NYDFS Superintendent Adrienne Harris said any federal legislation should still keep a role for state regulators.

New York regulator hunts crypto and AI specialist for policy unit

[Aug 13 10:54 AM] The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services.

Cumberland buys the dip? Trading firm deposits $95M to exchanges

[Aug 7 10:51 AM] Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023.

Crypto trading firm Cumberland secures New York BitLicense

[Jun 17 1:39 PM] The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services.

Crypto Trading Firm Cumberland Acquires New York's BitLicense

[Jun 17 10:58 AM] The firm said it's one of the only principal trading firms to hold the state's crypto license.

Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services

[Jun 17 10:45 AM] According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland…

New York sets customer service standards for virtual currency entities

[May 30 11:41 AM] The BitLicense just got a little tougher with new mandatory standards for treating customers right.

Genesis Global Trading Settles With New York for $8M Over Regulatory Non-Compliance, Forfeits Bitlicense 

[Jan 12 11:07 AM] According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne…

New York's Crypto BitLicense Oversight Criticized by State's Comptroller

[Jan 9 11:07 AM] The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli.

Crypto World Hopeful as California Chases BitLicense in Absence of U.S. Feds

[Oct 18, 2023 8:00 AM] Crypto insiders feel they've been burned before in the cauldron of New York’s BitLicense, but they fell that California’s implementation leaves some room for hope.

Can Regulators Ever Keep Up With Crypto Markets?

[Sep 18, 2023 1:57 PM]

NYDFS calls for public feedback on proposed crypto regulatory guidance

[Sep 18, 2023 9:49 AM] The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS' greenlist

Societe General’s subsidiary becomes the first fully licensed crypto provider in France

[Jul 19, 2023 5:51 AM] Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other.

New York City: A Crypto Sandbox in a Big Business Playground

[Jun 27, 2023 5:20 AM] The Big Apple is big everything. The world’s financial center, it also has a huge population not only of talented developers to hire, but consumers to sell to. In such a huge and bustling ecosystem, crypto may not rate as the city’s highest…

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

[Apr 17, 2023 11:50 AM] Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

NY Financial Regulator Adopts Virtual Currency Assessment Rule

[Apr 17, 2023 9:17 AM] The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision.

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…

Stablecoin issuer Paxos reportedly probed by New York regulators

[Feb 9, 2023 11:42 PM] While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.

New York State issues guidance for banks seeking to engage in activities with crypto

[Dec 15, 2022 2:15 PM] The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.

NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms

[Dec 1, 2022 3:25 PM] Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.