The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will …
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
New York has given the first authorization to a stablecoin backed by the Japanese Yen to operate in the U.S. Per a Dec. 29 announcement, …
New York authorizes first Yen stablecoin operator in the US Read More »
Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will …
Paxos seeks approval to become fully-regulated crypto bank Read More »
“All the regulation that is needed and not a drop more.” That’s the approach New York’s top financial regulator said she’s taking toward the crypto …
Linda Lacewell: A Friendlier Regulator – CoinDesk Read More »
The New York financial watchdog has urged companies to be more mindful of risks associated with climate change. Asked to Pay Closer Attention to Risks …
New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all …
A line from immortal comic strip Calvin & Hobbes goes “a good compromise leaves everybody mad.” When it comes to laws governing crypto, authorities are …
Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23 Read More »
When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did not expect …
Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where …
Regulation will keep PayPal’s new crypto services from looking anything like crypto Read More »
