BitLicense holders in New York slammed with new assessment fees
Digital currency firms that hold a BitLicense are now required to pay an assessment fee; this new order was included in the state's FY2023 budget that came into law last April 9.
Latest Department of Financial Services News
Bakkt secures BitLicense in New York
The agency said the license would now enable Bakkt to support customers in New York in buying and selling digital currencies and other digital assets.
New York approves the first Japanese yen-pegged stablecoin
The New York Department of Financial Services granted a charter to GMO-Z.com Trust Company Inc. to issue the GYEN stablecoin in the state.
New York regulator warns of climate risks from digital currency mining
All companies, including those involved in digital currency and Bitcoin mining, should begin to assess risks posed by climate change, and to take steps in mitigation, according to the NYDFS.
PayPal announces digital currency services
PayPal plans to expand its digital currency service offering to Venmo users as well as the 26 million merchants who use PayPal beginning in early 2021.
New York rolls out digitized financial reporting for digital currency firms
Techsprint is described as an initiative by regulators and industry stakeholders to work towards a common goal of digital regulatory reporting.
Twitter hack prompts NYDFS to call for more social media oversight
The New York financial regulator has criticized the lack of leadership at Twitter which made it easier for the hackers to infiltrate the platform.
New York regulator lightens up on BitLicense
The NYDFS is now granting conditional BitLicenses, partnership opportunities, and has updated their policies.
New York’s new guidelines seek to toughen BitLicense compliance
The New York Department of Financial Services has set out what it describes as the “first step” to reviewing the license, which has been in operation since 2015.
Bittrex New York closure delayed, but still definitely happening
Bittrex customers hoped recent news might mean the exchange could reopen to New York, but that’s not the case.
NYDFS clarifies Bittrex license rejection, Bittrex claims bad faith
The New York Department of Financial Services has provided further explanation for why Bittrex didn’t get a BitLicense, but the exchange is not buying it.
Bittrex tries to show it never had North Korean customers
Bittrex was denied its New York BitLicense, but its arguing that if it lost that opportunity because of North Koreans, that’s pretty unfair.