News & Analysis as of

Cryptocurrency › New York › Settlement

Orrick, Herrington & Sutcliffe LLP

Stablecoin issuer applies for OCC national trust charter following NYDFS settlement

Orrick, Herrington & Sutcliffe LLP on

On August 11, it was reported that a stablecoin issuer applied to convert its New York trust charter into a national trust charter under the supervision of the OCC. The move would place the firm under federal oversight. The...more

Troutman Pepper Locke

Crypto Investment Firm Agrees to Pay New York AG $200M to Resolve Market Manipulation Allegations Regarding Sale of Failed Token

Troutman Pepper Locke on

On March 24, cryptocurrency investment firm Galaxy Digital Holdings (Galaxy) entered into an assurance of discontinuance (AOD) with New York Attorney General (AG) Letitia James to resolve allegations that Galaxy engaged in...more

Sheppard Mullin Richter & Hampton LLP

NYDFS Examination of Crypto Payment Service Provider Ends in Settlement

Sheppard Mullin Richter & Hampton LLP on

On March 16, NYDFS entered a consent order resolving an examination of a payment service provider that allows merchants to accept Bitcoin payments from customers in exchange for the equivalent value in local currency credited...more

Harris Beach Murtha PLLC

New York Sends Clear Message Crypto Exchanges and Banks Must Meet AML Obligations

Harris Beach Murtha PLLC on

New York’s Department of Financial Services (“DFS”) recently announced a $100 million settlement with Coinbase, Inc., one of the world’s largest cryptocurrency exchanges, for Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”)...more

4 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide