NYDFS | ForkLog

ForkLog 5 11.04.2025

Block Fined $40 Million by NYDFS

Block, a company founded by Twitter’s Jack Dorsey, has agreed to pay $40 million to the New York State Department of Financial Services (NYDFS). An investigation revealed “critical gaps” in the company’s anti-money laundering (AML) system, according to an NYDFS press release. The company failed to implement adequate controls to prevent financial crimes and did […]

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ForkLog 10 26.02.2025

Jack Dorsey’s Block to Contest NYDFS Allegations on AML Programs

Jack Dorsey’s payment company Block is in discussions with the NYDFS, including addressing concerns related to the Bank Secrecy Act and anti-money laundering (AML) programs. This was stated in a statement dated February 24. According to the document, in January, the regulator proposed settlement terms, and the details are currently under discussion. The exact settlement […]

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ForkLog 6 22.03.2024

WisdomTree Secures NYDFS License to Operate in New York

Asset manager WisdomTree has received approval from the NYDFS to operate as a limited liability trust company under New York banking law. With this approval, WisdomTree Digital Trust Company, a subsidiary, will be able to offer local clients services in cryptocurrency custody, stablecoin issuance, and reserve management. The license will enable the firm to launch […]

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ForkLog 10 19.05.2023

Coin Cafe to pay $4.3m to settle with NY AG over investor deception

The cryptocurrency platform Coin Cafe, accused of deceiving investors through fees, will pay $4.3 million under an agreement with the New York State Attorney General's Office.

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ForkLog 7 23.02.2023

SEC and NYDFS oppose sale of Voyager Digital assets to Binance.US

SEC and NYDFS oppose sale of Voyager Digital assets to Binance.US.

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ForkLog 4 22.02.2023

New York financial regulator to strengthen oversight of the crypto market

The New York State Department of Financial Services (NYDFS) announced an update to tools for monitoring illicit activity involving digital assets among supervised entities.

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ForkLog 9 14.02.2023

Bloomberg: Circle complains to NYDFS about Binance’s stablecoin

In 2022, Circle filed a complaint with the New York State Department of Financial Services (NYDFS) regarding the quality of reserve management for the Binance USD stablecoin (BUSD). Bloomberg reports.

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ForkLog 6 13.02.2023

New York regulator explains Paxos decision

The infrastructure company and issuer of stablecoins Paxos failed to ensure the safety of BUSD, which could have led to illicit activity. Reuters reported this to the New York Department of Financial Services (NYDFS).

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ForkLog 8 10.02.2023

Bloomberg: New York regulator opens investigation into Paxos

The New York State Department of Financial Services (NYDFS) has launched an investigation into Paxos, the infrastructure company and issuer of stablecoins, Bloomberg reports.

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ForkLog 8 30.01.2023

New York regulator opens probe into Gemini

The New York Department of Financial Services (NYDFS) has opened an investigation into Gemini, the Bitcoin exchange, over claims about the safety of customer assets. Axios reports.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 6 16.08.2021

NYDFS opens vacancy in cryptocurrency-industry oversight unit

The New York Department of Financial Services (NYDFS) has posted a vacancy for deputy superintendent in the Office of Research and Innovation (RID).

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ForkLog 8 22.07.2021

Robinhood doubles potential NYDFS penalty

The crypto-friendly platform Robinhood estimated the minimum possible costs of a 'principled settlement' of NYDFS claims at $30 million.

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#NYDFS