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Category NYDFS

Crypto Trading Firm Cumberland Acquires New York's BitLicense

Crypto Trading Firm Cumberland Acquires New York's BitLicense

The firm said it's one of the only principal trading firms to hold the state's crypto license.
Jun, 17, 2024
by CoinDesk
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services

Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services

According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the Ne...
Jun, 17, 2024
by Bitcoin News
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch

Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch

According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of ...
Jun, 16, 2024
by Bitcoin News
Crypto Companies In New York Forced To Report Customer Processes To NYDFS

Crypto Companies In New York Forced To Report Customer Processes To NYDFS

The guidance, part of the VOLT initiative, requires crypto companies in New York to submit customer service policy records for review by November 1...
May, 30, 2024
by CoinCu News
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess wheth...
May, 30, 2024
by CoinDesk