September 11, 2018 BY Mariela Naydenova

One of the strictest regulators just approved two stablecoins

The financial industry has not made up its mind when it comes to cryptocurrency regulation. However, one of the strictest regulators in the United States, The New York Department of Financial Services (NYDFS) has approved the launch of two stablecoins, both pegged to the US Dollar. The investors behind the project are the Winklevoss brothers,…

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November 10, 2015 BY Maria Nikolova

NY financial regulator considers increased cyber security defenses

Shortly after the National Futures Association (NFA) announced that it will tighten the requirements regarding cyber security for all of its members, including Forex brokers, another US regulator is considering new cyber security requirements. The New York State Department of Financial Services (NYDFS) has sent an official letter to Financial and Banking Information Infrastructure Committee (FBIIC)…

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April 01, 2015 BY Mike Fox

Xapo and bitcoin industry respond to the revised BitLicense proposal

The New York Department of Financial Services (NYDFS) posted a revised BitLicense proposal on February 25, 2015. The revised proposal reflected many steps in the right direction and addressed numerous concerns voiced by Xapo and the bitcoin industry as a whole. Xapo is the company behind the highly anticipated global bitcoin wallet debit card which…

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