New York

New York Department of Financial Services releases stablecoin guidance
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13 June, 2022

New York Department of Financial Services releases stablecoin guidance

The DFS says the guidance should act as the baseline set of requirements that companies within New York State that...
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...
New York State Senate passes ban on proof of work mining—here’s what to expect
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6 June, 2022

New York State Senate passes ban on proof of work mining—here’s what to expect

If signed into effect, the bill will place a two-year moratorium on any carbon-based proof-of-work mining operation that is looking...
New York Fed president urges central bankers to keep up with digital currency innovations
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6 June, 2022

New York Fed president urges central bankers to keep up with digital currency innovations

John William, president and CEO of the New York Federal Reserve Bank, said that despite the changing landscape of payments,...
Eddy Alexandre of EminiFX charged in $60M ‘double your money’ digital asset scam
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17 May, 2022

Eddy Alexandre of EminiFX charged in $60M ‘double your money’ digital asset scam

Eddy Alexandre allegedly told his investors he had a high-secret trading technology that allowed him to generate 5% weekly returns...
Coin Signals trader gets 3-year prison term over $5M digital currency scam
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17 May, 2022

Coin Signals trader gets 3-year prison term over $5M digital currency scam

Jeremy Spence, aka 'Coin Signals,' has been sentenced to 42 months in federal prison after he was found guilty of...
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