NYDFS

According to reports, the New York State Department of Financial Services (NYDFS) has stated that it will begin charging cryptocurrency entities registered in the state in exchange

According to reports, the New York State Department of Financial Services (NYDFS) has stated that it will begin charging cryptocurrency entities registered in the state in exchange

According to reports, the New York Department of Financial Services (NYDFS) has passed a new regulation on how to evaluate the costs associated with encryption companies and their

According to reports, a spokesman for the New York Financial Services Department (NYDFS) said that the decision to take over Signature Bank on Sunday had nothing to do with the bank’s cryptocurrency business. Previously, Barney Frank, a former US congressman, criticized the decision of the regulators, claiming that they “wanted to transmit harmful information about cryptocurrency”. A spokesman for NYDFS said in a statement that the decision to take over the bank and hand it over to FDIC was based on the current situation of the bank and its ability…

It is reported that the New York Financial Services Department (NYDFS)’s BUSD casting ban forced Coin to find other stable currency alternative solutions to meet market demand. According to the data on the chain, Coin An is seeking to join TrueUSD. From February 16 to February 24, Coin An minted 180 million TUSD. At the same time, it also added some other decentralized stable currency support. Since June 2019, TrustToken, the stable currency TUSD operation linked to the US dollar, has been a partner of Coin Security. This relationship allows…

21:00-7:00 Keyword: Coinbase, BUSD, Circle, NYDFS Interpretation of this information: The message at hand announces that Coinbase, a leading cryptocurrency exchange, has partnered with Circle to add BUSD, a regulated stablecoin, to their platform, pending approval by the New York Department of Financial Services (NYDFS). This decision comes as no surprise as stablecoins have become increasingly popular in the crypto world due to their stability in value, low volatility, and easy accessibility. BUSD, specifically, is appealing for its regulatory compliance and transparency, as it is backed by real US dollars…

It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that Binance did not have enough reserves to support its BUSD tokens issued through Paxos. NYDFS spokesman told Reuters that Paxos did not manage BUSD in a “safe and reliable” way, so “it violated its obligation to conduct customized regular risk assessment and due diligence updates for the BUSD customers issued by Binance and Paxos” to prevent bad actors from using the platform. ” NYDFS…

According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company’s stable and fixed currency BUSD made it open for use by bad actors. The spokesman said that Paxos “violated the obligation to carry out customized regular risk assessment and due diligence update for the BUSD customers issued by Coin and Paxos to prevent bad actors from using the platform, and the token was not managed in a safe and stable way”. Interpretation of this information:…

On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: “The department has ordered Paxos to stop casting the BUSD issued by Paxos, because Paxos has several unresolved problems in the supervision of its relationship with Qian’an in respect of the BUSD issued by Paxos. In response, on February 13, 2023, Paxos informed the customer of its intention to end the BUSD relationship with Qian’an.” Interpretation of this information: The New York State Department of Financial Services (NYDFS) has ordered Paxos, a blockchain-based financial infrastructure…