Regulation
New York Attorney General probing Digital Currency Group in relation to Genesis Global Capital : Report
The probe has not been officially confirmed, nor is it clear whether it will lead to charges.
Mike Dalton 2 min read
New York Crypto News
BitLicense regime, Wall Street adoption, custody, and institutional infrastructure.
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Top New York Stories
Legal
CoinEx agrees to pay over $600k fine to New York
Crypto exchange CoinEx would refund over $1 milion in cryptocurrencies to New York investors over the next 90 days.
Regulation
Coin Cafe surrenders $4.3M to New York AG over exorbitant fee structure
Investors will collectively receive $508,000 after being charged thousands in fees.
Latest New York Crypto News & Analysis
Regulation
New York lawmaker introduces bill to support stablecoin payment for bails
If the bill is passed, fiat-backed stablecoins like Tether's USDT could be used within the state to make bill bonds payment.
Regulation
NYDFS will charge cryptocurrency companies for supervision
The new rule will apply to New York firms holding the state's BitLicense.
Bankruptcy
Signature Bank closure was not about crypto, NYDFS reaffirms
Superintendent Adrienne A. Harris says the bank was closed due to a bank run.
Bankruptcy
NY regulators say Signature Bank closure unrelated to cryptocurrency
The New York State Department of Financial Services said that its closure of Signature Bank was unrelated to the bank's crypto ties.
Stablecoins
Over $2B BUSD burnt in the last seven days
Binance-backed BUSD has seen its supply shrink by around $5 billion as regulators ramp up their scrutiny of the stablecoin.
Analysis
CZ issues response to SEC vs. Paxos lawsuit
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
