BitLicense Oversight Faces Critical Review in New York
Thomas P. DiNapoli, Comptroller of New York State, has expressed his apprehensions regarding the administration of BitLicense by the New York State Department of Financial Services (NYDFS). DiNapoli provided a “limited assurance” in his January report on virtual currency licensing in the state that the NYDFS carries out its supervision duties concerning BitLicense. The NYDFS […]
XRP Attorney Lays out Ripple’s Removal From NY Greenlist
John Deaton, the legal counsel for over 75,000 XRP token holders in the Ripple vs. SEC litigation, discussed New York developments. He claims that these actions have no “political or punitive” motivations. The New York Department of Financial Services (DFS) has garnered attention for its recent action of removing Ripple and Dogecoin from its list […]
NYDFS Introduces Cryptocurrency Oversight Improvements
FOX Business reporter Eleanor Terrett conveyed latest NYDFS crypto policy changes . These changes aim to improve crypto security and transparency. The NYDFS will no longer permit cryptocurrency firms operating in New York State to self-certify the adoption and listing of new tokens, effective immediately. This decision signifies a significant policy shift to ensure that all […]
NY Crypto Scammer Gets Nine Years for $250M Ponzi Scheme
Eddy Alexandre, a New York resident, and CEO of EminiFX, has been sentenced to nine years in prison for running a massive Ponzi scheme that defrauded investors of hundreds of millions of dollars. US District Judge John Cronan imposed the sentence after Alexandre pleaded guilty to commodities fraud in February. The court also ordered Alexandre […]
New York prohibits CoinEx, seizes $1.7M worth of cryptocurrency
Attorney General Letitia James has banned the Hong Kong-based cryptocurrency exchange CoinEx from operating in New York. The exchange had its cash, totaling over $1.7 million, seized for allegedly not registering as a securities and commodities brokerage. CoinEx resolved a previous legal dispute that began in February when the state of New York accused it […]