Tagged: adrienne harris

Robinhood Crypto Hit with $30 Million Penalty from New York Department of Financial Services

The New York Department of Financial Services (DFS) has determined that Robinhood Crypto failed to maintain effective bank secrecy act (BSA) and anti-money laundering (AML) compliance in regards to reporting requirements. Adrienne A. Harris, Superintendent of Financial Services, said Robinhood Crypto will pay a $30… Read More

New York Department of Financial Services Announces New Guidance for Stablecoins

The New York State Department of Financial Services (DFS) has announced new guidance on dollar-based stablecoins which are issued by firms regulated by the DFS. The guidance does not apply to USD-backed stablecoins listed, but not issued, by DFS-regulated entities. Superintendent Adrienne A. Harris commented… Read More

State of New York to Use Blockchain Tech to Ensure Sanctions Hit Russian Banks, Oligarchs

In light of Russia’s invasion of Ukraine and the ensuing sanctions applied by the US government, the New York Department of Financial Services (DFS) has moved to shore up its ability to apply sanctions by expediting the purchase of blockchain technology. According to a statement… Read More

Center for Financial Services Innovation Adds to Board of Directors

The Center for Financial Services Innovation (CFSI) has announced the addition of Adrienne Harris, Ben Mangan, and Judith Samuelson to its board of directors.  CFSI was launched in 2004 to support innovation in the financial sector and to improve the plight of the millions of… Read More

White House National Economic Council Publishes Framework for Fintech

Better late than never, the National Economic Council, part of the Obama Administration’s White House, has published a “Framework for Fintech” outlining their principles for policy on financial innovation. Adrienne Harris, a Special Assistant to the President for Economic Policy and Alex Zerden, a Presidential… Read More

White House: Fintech Can Help Advance Our Financial Well-being and Economic Prosperity

The White House organized a Fintech stakeholder meeting last week to discuss how “Fintech can help advance critical economic policy priorities.” Even while a plethora of regulatory agencies is circling to put the breaks on Fintech innovation, it is somewhat encouraging the Executive branch of… Read More

AltFi & Richard Swart Collaborate to Tackle Global Regulatory Environment of New Finance

The regulatory environment is evolving around the world as it adapts to the burgeoning field of internet finance. Eventually, all financial transactions will occur online, yet most national regulators are structured to manage a bricks and mortar world.  AltFi, based in the UK, and Dr…. Read More

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