Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees...
New York Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris has hailed a Thursday (Dec. 7) court decision that upholds the state’s new check cashing regulation announced in January. “Today’s decision is a win for New Yorkers who depend on check cashers to access their money,” Harris said in...
New York State’s financial watchdog has updated its rules for listing/delisting virtual currency. The New York State Department of Financial Services (NYDFS) on Wednesday (Nov. 15) issued guidance that enhances requirements for listing and listing virtual currencies regulated by the department. According to a department news...
New York’s financial regulator wants to regulate the companies that help set prescription drug costs. The New York Department of Financial Services (NYDFS) announced Wednesday (Aug. 16) that it had proposed regulations governing the conduct of pharmacy benefit managers (PBMs) operating in the state. ...
July 11, 2024
Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday (July 11). Harris said this in a press release announcing the DFS’s adoption of guidance for insurers that use AI in underwriting and pricing. “New York has a strong track […]
June 12, 2024
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale...
December 07, 2023
New York Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris has hailed a Thursday (Dec. 7) court decision that upholds the state’s new check cashing regulation announced in January. “Today’s decision is a win...
November 15, 2023
New York State’s financial watchdog has updated its rules for listing/delisting virtual currency. The New York State Department of Financial Services (NYDFS) on Wednesday (Nov. 15) issued guidance that enhances requirements...
