The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
Powered by WPeMatico
Auto Added by WPeMatico
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
Powered by WPeMatico
Powered by WPeMatico
The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls.
Powered by WPeMatico
Powered by WPeMatico
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses for companies engaged in crypto activities. First Regulated Yen […]
The post New York Approves Its First Publicly Available Japanese Yen Stablecoin appeared first on Bitcoin News.
Powered by WPeMatico
The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. NY Regulator’s Cryptocurrency Greenlist The New York State Department of financial services (DFS), the Bitlicense […]
The post New York Regulator Fast-Tracks 10 Cryptocurrencies appeared first on Bitcoin News.
Powered by WPeMatico
NBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard Spencer Dinwiddie put a lot of energy […]
The post NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million appeared first on Bitcoin News.
Powered by WPeMatico
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44 […]
The post Erisx Launches Regulated Bitcoin Futures Market appeared first on Bitcoin News.
Powered by WPeMatico
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup […]
The post Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy appeared first on Bitcoin News.
Powered by WPeMatico
The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new […]
The post NY Regulator Proposes Relaxing New Coin Listing Requirements appeared first on Bitcoin News.
Powered by WPeMatico