NYDFS to Assess Supervisory Costs from Licensed Crypto Firms
The New York State Department of Financial Services (NYDFS) has announced that it will be adopting a new regulation that will allow the government agency to assess supervisory costs from…
Binance, Circle, and Paxos Receive Regulatory Scrut
It has been claimed that the New York State Department of Financial Services, often known as the NYDFS, received a complaint about Binance's reserves from the stablecoin issuer Circle prior…
Robinhood’s Crypto Unit Slammed With $30M Fine
The digital currency arm of a commission-free brokerage firm, Robinhood Crypto, has been slammed with a fine of $30 million by the New York Department of Financial Services (NYDFS). The…