Antonio Brasse and Chad Anderson shed light on what it’s like to run a regulated exchange in New York state and why consumer protection is at the forefront of their decision-making process.
The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
PayPal has been operating with a conditional BitLicense from the NYDFS since October 2020 but has now become fully licensed in a move the company says is very big for Web3.
If signed into effect, the bill will place a two-year moratorium on any carbon-based proof-of-work mining operation that is looking to open shop or that needs to renew its permit.
John William, president and CEO of the New York Federal Reserve Bank, said that despite the changing landscape of payments, the role of central banks in defining monetary policy remains the same.
Eddy Alexandre allegedly told his investors he had a high-secret trading technology that allowed him to generate 5% weekly returns for investors, according to the U.S. Department of Justice.
Jeremy Spence, aka 'Coin Signals,' has been sentenced to 42 months in federal prison after he was found guilty of scamming more than 170 victims.
The guidance is in response to a March directive from Governor Kathy Hochul, where she implored the DFS to strengthen its sanctions against Russia using measures like blockchain analytics tools.
Check out the latest episode of More Than Money with Patrick Thompson featuring FYX Gaming CEO Adam Kling as they discuss the play-to-earn and gaming model and blockchain gaming.
A majority of the New York State Assembly voted in favor of the bill, thinking that suspending carbon-based PoW mining would help comply with the Climate Leadership and Community Protection Act.
Senate Bill S8839 and Assembly Bill A8820 both call for the defining, criminalizing, and penalizing digital currency projects designed to fleece investors.