New York State Department of Financial Services – DIGIT INFO

New York regulator hunts crypto and AI specialist for policy unit

DIGIT — Tue, 13 Aug 2024 10:54:56 +0000

The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services.

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New York finance regulator tightens crypto listing guidance

DIGIT — Thu, 16 Nov 2023 04:01:10 +0000

Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS.

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

DIGIT — Mon, 20 Mar 2023 21:30:16 +0000

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]

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

DIGIT — Thu, 16 Mar 2023 18:00:59 +0000

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal […]

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New York proposes to charge crypto companies for regulating them

DIGIT — Fri, 02 Dec 2022 01:36:09 +0000

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.

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Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin

DIGIT — Wed, 21 Oct 2020 13:15:16 +0000

Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report quotes the company’s President and Chief […]

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