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.
Latest Department of Financial Services News
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.
Bittrex fails to meet New York’s requirements for BitLicense
In a blow to the U.S.-based exchange, the New York Department of Financial Services said it would not be approving Bittrex’s application for a virtual currency license.
New York approves blockchain-based ‘real-time’ digital payment service
The New York Department of Financial Services (NYDFS) has authorized a new system from Signature Bank which will allow corporate customers to make bank payments in a form of virtual currency.
Crypto ATM firm Coinsource secures New York’s BitLicense
The world’s largest crypto ATM company Coinsource has become the latest firm to secure a coveted virtual currency license in New York.