The New York State Department of Financial Services (NYDFS) has finally released a revision to the original BitLicense proposed cryptocurrency regulations.
Anchorage Digital has received BitLicense to offer crypto linked services to residents of New York amid its broad expansion plans.
The NYDFS has been holding discussions with both parties in the US House and Senate.
WisdomTree intends to use the WisdomTree Digital Trust Company to provide products and services to institutions and commercial customers in the future.
Genesis now has legal approval to sell $1.6 billion in Grayscale shares, including GBTC and ETHE, even though DCG disagrees.
The Settlement Agreement is the product of extensive negotiations between the SEC and Genesis Global. Also, the penalty payment will happen if Genesis completely repays its customers and creditors.
The new guidance will be the first one to key into delisting as a way of protecting investors.
Before now, New York’s Financial Services Law vividly lacked such provision that would seek to assess operating costs.
Despite the high-handed regulatory action in the United States, Nasdaq is optimistic about securing regulatory approval in the first half of 2023 for offering crypto custodial services.
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs.
The SEC said Binance.US purchasing Voyager Digital’s assets could prove unlawful or discriminatory.
Crypto lender Voyager Digital announced bankruptcy last year in July.
The $700 million redemption of the BUSD stablecoin in just 27 hours represents 6% of the total coins in circulation.
New York-based banking powerhouse Morgan Stanley opines that a drop in stablecoin issuance is a negative sign for crypto trading.
In its complaint, Circle said that Binance-peg BUSD was not fully backed as nearly $1 billion was missing from its reserves.
Binance said that it’s closely watching the developments of a probable investigation of Paxos Trust Co.