The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. ...
Tag: Regulator
Signature Bank regulator says it was closed for not providing data: Report
The New York Department of Financial Services (NYDFS) shut down Signature Bank for “failing to provide consistent and reliable data” and not because of a bias against crypto, according to a March 14 r...
New York Regulator Blames Signature Bank Shutdown on Leaders
The New York State Financial Services Department said the shutdown of Signature Bank was due to a lack of transparency rather than crypto. The state regulators said that the bank’s leaders caused a cr...
Prompt Regulator Action And Stablecoin Issuer Assurances See USDC Repeg ⋆ ZyCrypto
Advertisement     A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised th...
Signature Bank Shareholders Lose Everything As Regulator Shuts It Down — Just Days After Silicon Valley Bank Collapse
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators … [+] announced that the New York-based bank had failed and was being seized. At more than $110 b...
Losses Top $185 Billion As Analyst Warns SVB Failure Risks Intense Regulator Scrutiny
Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
Losses Top $165 Billion As Analyst Warns SVB Failure Risks Intense Regulator Scrutiny
Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
State regulator takes control of Signature Bank, federal regulators guarantee deposits
Policy • March 12, 2023, 7:29PM EDT The New York Department of Financial Services seized crypto-friendly Signature Bank in order “to protect depositors,” the state banking regulator said i...
Silicon Valley Bank ($SIVB) Shut Down By Banking Regulator
– Advertisement – Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the ban...
Crypto-friendly bank Silicon Valley Bank shut down by California regulator
On March 10, the California Department of Financial Protection and Innovation (DFPI) ordered Silicon Valley Bank, a major financial institution for venture-backed companies, to be closed—making it the...
SVB Shut Down By California Regulator After Bank Stocks Crash Amid Turmoil
Topline Silicon Valley Bank Financial was closed by a California regulator on Friday amid the ailing firm’s attempts to seek a buyer and raise capital—intensifying turmoil that prompted concerns of po...
Silicon Valley Bank shut down by California regulator
Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-...
Silicon Valley Bank closed by California regulator
Markets • March 10, 2023, 11:56AM EST Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed as the...
New York Regulator Sues KuCoin for Unregistered Securities Sale
KuCoin, the Seychelles-based crypto exchange, came under the regulatory radar. Herein a New York State Attorney targeted the exchange over unregistered activities. US regulators continue to take steps...
Here’s what German regulator, BaFin suggested for NFTs
BaFin is not yet ready to classify NFTs as securities and advises doing so on a case-by-case basis. BaFin does not expect NFTs to comply with the Payment Services Supervision Act’s license requirement...
Regulator Warns Crypto Investors Against “Proof Of Reserve” Reports, Says Can’t Be Trusted
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer prot...
Circle CEO Says SEC Isn’t The Right Regulator for Stablecoins
Circle CEO Jeremy Allaire recently said that the SEC shouldn’t regulate stablecoins. Allaire believes that stablecoins should fall under the purview of banking regulators. Stablecoin issuers have beco...
US regulator warns investors on proof-of-reserves unreliability
The US Public Company Accounting Oversight Board (PCAOB) has released an investor advisory document for crypto users. The report claims that the proof-of-reserve (PoR) reports are “inherently limited,...
German regulator BaFin suggests a ‘case-by-case’ approach for NFTs
Federal Financial Supervisory Authority of Germany (BaFin) is not ready to classify nonfungible tokens (NFTs) as securities yet. The Agency suggests classifying the NFTs on a case-by-case basis. On M...
Financial Regulator Reform Gives Foreign Investors Pause
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as Hong Kong underperformed as foreign investors expressed concerns over a reshuffling of financial regulator...
Ripple CEO Derides SEC, Says “Not So Great Week” For Regulator
Garlinghouse points out that the SEC is having a tough time in court. In a tweet today, Ripple Chief Executive Officer Brad Garlinghouse took a swipe at the United States Securities and Exchange Commi...
China Pushes Anti-Crypto Agenda With New Financial Regulator
Chinese lawmakers have announced a new financial regulatory body, the National Financial Regulatory Administration (NFRA), which will replace the China Banking and Insurance Regulatory Commission. The...
China announces new financial regulator in governmental overhaul
China has announced plans for a governmental overhaul that includes the introduction of a new national financial regulator. On Tuesday, March 7, the government announced that it would abolish the Chin...
US Regulator Says Crypto Needs a Home Country
The acting director of the Office of the Comptroller of the Currency (OCC) believes crypto needs a single consolidated supervisor if future scandals are to be avoided. Addressing the Institute of Inte...
China announces plans for new national financial regulator
The Chinese government has plans for a governmental overhaul, according to a new announcement. This includes introducing a new national financial regulator. On Tuesday, March 7, the government announc...
FTX episode illustrates need for ‘Home’ regulator: Top U.S Banking official
FTX illustrates need for a “unified home country supervisor,” according to acting comptroller Michael Hsu Hsu shared “important lessons for crypto” in his address on preserving public trust in traditi...
EU Privacy Regulator Flags Concern About ‘Breakdown Of Communication’ With Twitter
Topline Twitter’s rollout of its paid verification service in Europe has been carried out without consulting the Irish Data Protection Commission, the social platform’s primary regulator in the Europe...
Regulator Goes After John Deaton to Revoke His Amicus Status, Here’s Why
Godfrey Benjamin Judge Torres refused SEC’s request to revoke John Deaton’s amicus status The ongoing legal brawl between the United States Securities and Exchange Commission (SEC) and pay...
‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller
Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing “games” aimed at skirting regulato...
Bitcoin Price Is Holding Up Despite Regulator Action
Bitcoin’s above $22.000. Getty It seems incredibly to me that bitcoinBTC is holding up as the U.S. regulators are clearly intent on choking crypto to death. It might sound harsh but it is obviou...
UK’s Bank Regulator to Propose Rules for Digital Asset Issuance
The United Kingdom’s Prudential Regulatory Authority (PRA) has announced plans to propose a set of rules for the issuance and holding of digital assets. The decision comes as the use of digital ...