#nydfs

4:46pm, 28th April, 2023

Fed, NYDFS assess their supervisory performance after March’s big bank failures

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

1:00pm, 17th April, 2023

Crypto Wiki

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services.

Circle blew the whistle on Binance reserves to NYDFS: Report

5:25pm, 13th February, 2023

Crypto Wiki

Circle blew the whistle on Binance reserves to NYDFS: Report

The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

12:31pm, 23rd January, 2023

Crypto Wiki

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.