Search Results for “New York State Department of Financial Services”

Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

April 18, 2022 admin Bitcoin ATM, bitcoin atm operator, bitcoin atm operator charged, bitcoin atm operator indicted, Bitcoin ATMs, BTM, btm operator, Crypto ATM, Cryptocurrency ATM, illegal bitcoin atm, Regulation, robert taylor

A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in

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Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program

December 7, 2021 admin bancolombia, bancolombia bitcoin, bancolombia crypto, bancolombia cryptocurrency, colombia, Cryptocurrency Trading, Gemini, Regulation, Regulatory Sandbox

Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established

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Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

March 16, 2023 admin American Banks, anti-crypto, Auction, auctioning banks, bailout plan, bank failures, bank shutdowns, Banking Industry, Barney Frank, bidders, Bids, Chartered Bank, controversy, crypto businesses, Cryptocurrency, depositors, FDIC, Finance, Financial Institutions, Financial News, New York State Department of Financial Services, News, Piper Sandler Companies, potential buyers, private equity companies, Regulations, regulations vs innovation, restrictions, Reuters, Signature Bank, Silicon Valley Bank, sources, strict rules, traditional lenders, unidentified sources, US economy, US government

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley

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Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

July 31, 2021 admin Bank of America, Coinbase, Finance, ftx, funding round, Paxos, Paxos Funding, regulated, Stablecoin, VC Capital

Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers

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Paxos Standard Presents Assets Backing Its Stablecoins

July 23, 2021 admin Backing, Binance USD, Circle, News, Paxos, Regulation, Stablecoin, Tether, USDC

Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

March 13, 2023 admin Adrienne Harris, Assets, backstop, Bailout, bank collapse, Banking system, Bankruptcy, BTFP, crypto-friendly bank, deposit insurance, depositors, Exchange Stabilization Fund, failed banks, FDIC, Federal Reserve Bank Term Funding Program, Financial Institutions, Financial regulators, Funds, joint statement, market observers, New York Department of Financial Services, News, plan, Public confidence, Regulation, resolution, secretary of the Treasury, Signature Bank, Silicon Valley Bank, Silvergate Bank, superintendent, Taxpayer, total deposits, treasury department, U.S. Central Bank, U.S. economy, U.S. Federal Reserve

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank.

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FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail

December 14, 2022 admin 165 years in prison, 8 Financial Crimes, Alameda Research, Bahamian judge, Bahamian magistrate, Bail, campaign finance offenses, CFTC, Customer Funds, Damian Williams, DOJ, FBI New York Field Office, federal grand jury, Fraud, FTX case, FTX collapse, FTX Sam Bankman-Fried, FTX's collapse, FTX’s launch, Lawsuit, Manhattan, Michael J. Driscoll, Money Laundering, News, Reuters, Sam Bankman-Fried, sbf, SDNY attorney, SDNY attorney Damian Williams, SDNY DOJ, SDNY prosecutor's office, SEC charges

On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that

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BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals

October 25, 2021 admin Bank, banking corporation, banking giant, BNY Mellon, Clients, Crypto, crypto regulations, crypto rules, crypto-custody, Cryptocurrencies, Cryptocurrency, custodian services, Dublin, EU, European Union, Government, Ireland, Irish, MiCA, minister, Regulation, Regulations, Republic of Ireland, rules, Services

As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish

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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’

June 1, 2021 admin banking giant, BNY Mellon, cbi, Central Bank, Corporation, Crypto, crypto assets, crypto unit, Cryptocurrencies, Derville Rowland, Digital Assets, Digital Innovation Hub, Director, Dublin, Finance, fines, Hub, Ireland, Irish, Regulations, regulator, retail banks

U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
We’re in the middle of the banking crisis, says Odeon’s Dick Bove
Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.