20 mins ago | 2 mins read Exchange News Robinhood reportedly failed to meet some consumer-protection criteria. The SEC fined a $65 million payment from the business in December 2020. Anti-money launde...
Tag: NYDFS
NYDFS slams Robinhood’s crypto unit with $30M fine
The New York State Department of Financial Services (NYDFS) imposed a $30 million fine on the crypto trading unit of Robinhood on Aug. 2. The fine is due to an alleged violation of cybersecurity and a...
Robinhood Crypto fined $30 million by NYDFS
The New York State Department of Financial Services (NYDFS) has imposed a $30 million fine on Robinhood Crypto, the digital assets trading arm of Robinhood Markets Inc. (NASDAQ: HOOD), the regulator s...
New York’s NYDFS Issues Guidance on Stablecoins
Key Takeaways The New York Department of Financial Services has published guidance for companies in the state that issue stablecoins. The guidelines describe acceptable backing assets, redemption time...
NYDFS requires VASPs to use blockchain analytics to trace transactions
The New York State Department of Financial Services (NYDFS) has recommended that virtual asset service providers (VASPs) operating in New York and guided by the state’s banking law start using blockch...
NYDFS encourages crypto firms to use blockchain analytics services
The New York State Department of Financial Services (NYDFS) on Thursday encouraged crypto firms working in the state to adopt blockchain analytics tools and services. The guidance establishes “...
NYDFS calls for crypto firms to use blockchain analytics
In a letter published on Thursday, the New York State Department of Financial Services, or NYDFS, recommended that all digital currency companies operating under New York banking law adopt blockchain ...
New York Senate passes budget empowering NYDFS to regulate crypto
The New York State Senate is promoting clear crypto regulations. The Senate plans to empower the Department of Financial Services (NYDFS) to oversee the crypto industry. New York Senate seeks broader ...
NYDFS looks to crypto tools to help enforce sanctions against Russia
advertisement New York is prioritizing the procurement of blockchain analytics tools to better enforce sanctions against Russia. New York Governor Kathy Hochul announced actions today to bolster the a...
BitOoda Obtains BitLicense from NYDFS
BitOoda Digital, a subsidiary of digital asset firm BitOoda Holdings, recently announced that it has received a virtual currency license, also known as the BitLicense, from the New York Department of ...
NYDFS installs a deputy superintendent for crypto
advertisement The New York State Department of Financial Services has hired Promontory’s former director of digital asset strategy as its new virtual currency chief. Peter Marton announced on Li...