New York Department of Financial Services

Paxos stops minting BUSD—is Binance stablecoin finished?
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23 February, 2023

Paxos stops minting BUSD—is Binance stablecoin finished?

Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has...
Robinhood Crypto fined $30 million by regulators
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3 August, 2022

Robinhood Crypto fined $30 million by regulators

NYDFS Superintendent Adrienne Harris said Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a...
PayPal obtains BitLicense, lets users transfer digital assets to other wallets
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10 June, 2022

PayPal obtains BitLicense, lets users transfer digital assets to other wallets

PayPal has been operating with a conditional BitLicense from the NYDFS since October 2020 but has now become fully licensed...
NYDFS implores digital currency firms to employ blockchain analytics services
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3 May, 2022

NYDFS implores digital currency firms to employ blockchain analytics services

The guidance is in response to a March directive from Governor Kathy Hochul, where she implored the DFS to strengthen...
NYDFS gets additional oversight authority over digital currency firms
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15 April, 2022

NYDFS gets additional oversight authority over digital currency firms

The New York financial watchdog was assigned the responsibility of developing a new assessment mechanism for VASPs in the state’s...
Digital currency-friendly Adrienne Harris confirmed as NYDFS new chief
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29 January, 2022

Digital currency-friendly Adrienne Harris confirmed as NYDFS new chief

Adrienne Harris is taking over one of the toughest agencies, but having worked with digital asset companies, she’s expected to...
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