NYDFS
Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters
The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The scope of the crypto-related investigation is not yet clear.
Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report
Cryptocurrency exchange Gemini reportedly implied to customers that their assets in its interesting-bearing Earn product were safe because they were backed by the Federal Deposit Insurance Corp (FDIC), Axios reported on Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in.
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.
In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds
The crypto exchange's bankruptcy proceedings revealed poor segregation of customer funds, so the New York regulator is reminding service providers to keep clean records.
New York Banks Must Seek Advance Permission for Crypto Activity, Regulator Says
New guidance from the state Department of Financial Services sets a 90-day advance notice period
NYDFS Proposes Regulation Allowing It to Charge Crypto Companies in New York for Supervision Costs
Only crypto companies with a BitLicense would be affected.
New York Regulators Have Planted a Seed for Stablecoin Transparency
New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist.
