The New York state of mind is ‘more digital asset oversight’
The hearing by New York regulators examined the “transparency and security of the cryptocurrency industry and potential improvements as they relate to investor and consumer protection.”
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Singapore and New York regulators collaborate on CBDC interoperability in new study
The experiment aims for "a future digital currency landscape" that enables interoperability of wholesale CBDCs to facilitate cross-border payment, according to Monetary Authority of Singapore Deputy Managing Director Leong Sing Chiong.
New York digital assets bill targets blockchain’s Wild West attitudes
The draft bill seeks to amend New York's general business law, financial services law, and tax law with new specifications and definitions for digital assets.
‘Casino-like’ speculation, lack of regulation and environmental concerns damage blockchain’s reputation: NY Senate banking committee
BSV Blockchain Association Global Public Policy Director Bryan Daugherty testified before the NY Senate's Standing Committee on Banks that a scalable PoW blockchain was the only way to realize the technology's true potential.
NYDFS to charge digital asset firms for supervision
First proposed in December, the new regulation was adopted this week and allows the New York Department of Financial Services to charge BitLicense holders for supervision—a practice common in finance.
New York’s KuCoin lawsuit calls ETH a ‘speculative’ security
New York’s Attorney General is accusing the KuCoin digital asset exchange of violating state laws on selling unregistered securities, specifically singling out ETH as one of those securities.
Emojis count as financial advice, judge rules in Dapper Labs lawsuit
A New York judge ruled that the use of money bag, stock chart, and rocket ship emojis by Dapper Labs amounted to financial advice in its class-action lawsuit.
New York AG sues CoinEx exchange over its failure to register
NY Attorney General Letitia James alleges that CoinEx offered commodities and securities without registering, with the exchange pledging to cooperate with the regulator.
New York DFS boosts digital currency monitoring capabilities to crack down on bad actors
To avoid the recurrence of implosions recorded in 2022, New York is keeping close tabs on the digital asset sector and carrying out system upgrades to detect illegal activities in the space.
SEC joins chorus of opposition to Binance.US $1 billion Voyager deal
In a flurry of court filings, New York and federal finance regulators lodged multiple objections to the proposed billion-dollar deal, on the grounds that it could prove discriminatory and unlawful.
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 evolved, and the Binance relationship no longer aligns with our current strategic priorities."
‘Blockchain, not crypto, is the real long-term innovation of the future’: Bryan Daugherty testifies at NY committee hearing
BSV Blockchain Association Public Policy Director Bryan Daugherty was recently at the New York City Office of Technology & Innovation, speaking about the real long-term innovation of blockchain.