New York regulator hunts crypto and AI specialist for policy unit
The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services. Go to Source
BitLicense
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Cumberland buys the dip? Trading firm deposits $95M to exchanges
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023. Go to Source
Crypto trading firm Cumberland secures New York BitLicense
The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services. Go to Source
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services
According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-counter (OTC) liquidity for numerous cryptocurrencies, now holds a Bitlicense. This business … Read more
NYDFS calls for public feedback on proposed crypto regulatory guidance
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist Go to Source
Societe General’s subsidiary becomes the first fully licensed crypto provider in France
Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other. Go to Source Powered by WPeMatico
NYDFS adopts regulation to assess supervisory costs for licensed crypto firms
Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services. Go to Source Powered by WPeMatico
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold … Read more
Stablecoin issuer Paxos reportedly probed by New York regulators
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year. Go to Source Powered by WPeMatico
New York State issues guidance for banks seeking to engage in activities with crypto
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup. Go to Source Powered by WPeMatico
