Tagged: new york state department of financial services

Standard Chartered Reaches Settlement With New York State Department of Financial Services Regarding Foreign Exchange Conduct

Standard Chartered Bank announced on Wednesday it has agreed on a Consent Order with the New York State Department of Financial Services (DFS). According to Standard Chartered, the Consent Order concerns past control failures and improper conduct in its Foreign Exchange (FX) trading and sales business… Read More

Coinbase Approved by New York State Department of Financial Services as Custody Trust Company

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

New York State Department of Financial Services & BitLicense Slammed in UK Crypto Report

A Parliamentary Treasury Committee has published an extensive report on the regulatory environment pertaining to cryptocurrency in the UK. As part of the report, a good amount of ink was dedicated to the global regulatory approach regarding blockchain based digital assets. One regulatory entity received… Read More

New York State Department of Financial Services Authorize Gemini Trust Company to Provide Additional Virtual Currency Products & Services

Financial Services Superintendent Maria T. Vullo announced on Monday the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange, which is… Read More

Here is the Complaint Filed by the New York State Department of Financial Services Against the Office of the Comptroller of the Currency

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

Turf War! New York State Department of Financial Services Tells OCC to Back Off Fintech Charter

    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

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