Tagged: maria vullo

January 6, 2019 @ 5:55 pm By JD Alois  |  

Late last week, New York Governor Andrew Cuomo nominated Linda Lacewell to become Superintendent of the New York State Department of Financial Services. Lacewell will replace Maria T. Vullo who announced on December 19th her intent to depart the agency after three years. Vullo will… Read More

October 24, 2018 @ 7:18 pm By JD Alois  |  

The New York State Department of Financial Services (DFS) has approved Coinbase to form Coinbase Custody Trust Company. Additionally, DFS has approved Coinbase to Custody Bitcoin, Ethereum, Bitcoin Cash, Ether Classic, Litecoin and XRP. Providing a custody service is vital for the participation of institutional… Read More

October 20, 2018 @ 6:54 pm By JD Alois  |  

Lawless, ill-conceived, and destabilizing of financial markets. While most level headed individuals will have the opinion this statement best describes the New York Department of Financial Services (NY DFS) and their anti-Fintech point of view, think again. This is how the DFS describes the Office… Read More

September 10, 2018 @ 7:33 pm By JD Alois  |  

The New York Department of Financial Services (DFS) says they are continuing to foster responsible growth in the Fintech sector following the authorization of stablecoins issued by both the Gemini Trust Company and Paxos Trust Company. The Gemini Dollar will be pegged to the US… Read More

February 11, 2018 @ 7:34 am By JD Alois  |  

The New York State Financial Services Department has issued memo on virtual currencies and the entities in the space the Department regulates. The Guidance, signed by Superintendent of Financial Services Maria Vullo, states that in light of the development of virtual currency related markets the… Read More

May 15, 2017 @ 3:00 pm By JD Alois  |  

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More

May 12, 2017 @ 6:00 pm By JD Alois  |  

The New York Department of Financial Services has filed a lawsuit in US District Court in Manhattan against the Office of the Comptroller of the Currency (OCC). The action was taken to challenge the OCC’s initiative to issue national Fintech Charters. Reuters reported the NYDFS legal… Read More

January 17, 2017 @ 5:32 pm By JD Alois  |  

    I expect to see more of these comment letters as battle lines have clearly been drawn regarding the debate on the proposed Office of the Comptroller of the Currency (OCC) Fintech Charter. In brief, the OCC has proposed crafting a Fintech Charter for… Read More