Tagged: linda lacewell

Series of Tweets Regarding Apple Card Brings Scrutiny of New York Department of Financial Services

The relatively new Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), is receiving some unwanted regulatory scrutiny from the New York Department of Financial Services (DFS). A series of tweets from David Heinemeier Hansson, the creator of Ruby on Rails and CTO of Basecamp, noted… Read More

New York Department of Financial Services is Revisiting its Controversial Virtual Currency License, BitLicense

The New York Department of Financial Services (NYDFS), the department of the NY state government that regulates financial services and products, is currently reviewing its virtual currency license. While speaking at Georgetown University’s Institute of International Economic Law during DC Fintech Week, NYDFS Superintendent Linda… Read More

New York State Department of Financial Services Superintendent Authorizes Paxos to Offer First Gold-Backed Virtual Currency in New York State

Superintendent of Financial Services Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC to offer a gold-backed virtual currency. Lacewell reported that this is the first gold-backed virtual currency that is being offered… Read More

New York Securities Regulator, NYDFS, Creates New Division to Oversee and Develop Fintech and Cryptocurrencies

One year ago, former NYDFS (New York Department of Financial Services) Superintendent Maria T Vullo, issued a statement in which she said her organization, which regulate New York financial markets, “fiercely opposes the Department of Treasury’s endorsement of regulatory ‘sandboxes’ for financial technology companies.” Vullo’s strong… Read More

“Solidarity Trip” Results in Closer Fintech Ties Between Israel and State of New York

Following a recent trip to Israel by New York State Governor Andrew Cuomo, a broad group of economic partnership agreements has been forged between the state and Israel. Included in the development partnerships is Fintech. Governor Cuomo issued a statement saying “New York is open… Read More

ICYMI: New York Department of Financial Services Creates New Cybersecurity Division

Late last month, the New York Department of Financial Services (DFS) announced the creation of a new Cybersecurity Division. The new Division is described as a first of its kind by DFS. Acting DFS Superintendent Linda A. Lacewell appointed Justin Herring as Executive Deputy Superintendent… Read More

New York State Department of Financial Services Approves Virtual Currency & Money Transmitter License for Tagomi Trading

The New York State Department of Financial Services (DFS) has approved the application of Tagomi Trading for a virtual currency and money transmission license. DFS has authorized Tagomi to engage in money transmission and to offer trade routing and order execution services for non-securities virtual… Read More

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