NYDFS

NYDFS

NYDFS Head Lacewell to Depart Agency by Month’s End

Nikhilesh DeAug 13, 2021

Linda Lacewell announced a revamp of NYDFS's BitLicense last year.

Diversity

NYDFS Plans to Collect Diversity Data From Banking and Crypto Institutions

Sandali HandagamaJul 30, 2021

All authorized virtual currency service providers will be required to submit diversity data of their boards and management to the NYDFS.

NYDFS

NYDFS Hiring New Deputy Superintendent for Virtual Currency

Ian AllisonAug 16, 2021

The move will bolster the state’s BitLicense regulator following Superintendent Linda Lacewell’s departure.

BitGo

BitGo Hires Former NY BitLicense Deputy as Chief Operating Officer

Danny NelsonMay 18, 2021

Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.

NYDFS

State of Crypto: NYDFS Hackathon Is ‘Testament’ to Crypto’s Growth

Nikhilesh DeMar 16, 2021

NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.

NYDFS

Stablecoins

Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

Benjamin Powers

The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

Most Influential 2020

Linda Lacewell: A Friendlier Regulator

Nikhilesh De

NYDFS Superintendent Linda Lacewell is a regulator prepared to work with the grain of crypto rather than against it.

Climate Change

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

Jaspreet Kalra

The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.

Opinion

What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

Jenny Leung

NYDFS proposals following the Twitter hack are a warning to everyone using centrally controlled "designated" platforms.

PayPal

PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer

Ian AllisonDanny Nelson

PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”

NYDFS

New York’s Financial Regulator Puts Focus on Crypto Firms for Digital Reporting Initiative

Sebastian Sinclair

The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.

New York

BitGo Applies to Be Regulated Custodian in New York State

Daniel Palmer

The crypto custody provider has filed paperwork with New York's financial regulator to offer its services in the state.