Department Of Financial Services news and trends

NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
Cryptocurrency // December 01, 2022

A New York regulator has proposed charging licensed cryptocurrency businesses for its costs.  The New York State Department of Financial Services (DFS) said in a Thursday (Dec. 1) press release that the collection of these supervisory costs would be similar to what is done with...

New York To Ease Cryptocurrency Regulations
Cryptocurrency // June 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The New York State Department of Financial Services (DFS), which supervises 1,500 banks and financial institutions and more than 1,400 insurance companies,...

Former CFPB Dep. Director Named Dept Of Financial Services Advisor
Personnel // January 15, 2020

The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has been named special policy advisor to DFS Superintendent Linda Lacewell, according to a release. English worked under former CFPB Director...

Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
Bitcoin // November 21, 2019

Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law, allowing it to operate as a limited liability Trust Company as part of the state’s rapidly growing virtual currency marketplace....

Quick Reads
NYDFS Proposes Charging Virtual Currency Businesses Admin Costs

December 01, 2022
A New York regulator has proposed charging licensed cryptocurrency businesses for its costs.  The New York State Department of Financial Services (DFS) said in a Thursday (Dec. 1) press release that the collection of these supervisory costs would be similar to what is done with other licensed financial institutions in the state and would enable […]

New York To Ease Cryptocurrency Regulations

June 25, 2020
It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The New York State Department of Financial...

Former CFPB Dep. Director Named Dept Of Financial Services Advisor

January 15, 2020
The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has been named special policy advisor...

Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund

November 21, 2019
Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law, allowing it to operate as...