#newyorkdepartmentoffinancialservices — Public Fediverse posts

https://www.europesays.com/ee/302223/ SEB Eestis ebaõnnestus rahapesu vastane võitlus #Äri #Business #EE #Eesti #EestiKeel #Estonia #Estonian #KliendiHoolsusmeetmed #korrespondentpangandus #NewYorkDepartmentOfFinancialServices #PoliitiliseltMõjuvõimasIsik(pep) #Rahapesu #RahapesuTõkestamine #RahapesuvastaneKontroll(aml) #SebEesti #SebLäti #SebLeedu #SebPank #TehinguteSeire #TunneOmaKlienti(kyc) #VenemaaRahapesuskandaalid

https://www.europesays.com/ee/299486/ SUUR LUGU ⟩ SEB Eestis ebaõnnestus rahapesu vastane võitlus #Äri #Business #EE #Eesti #EestiKeel #Estonia #Estonian #KliendiHoolsusmeetmed #korrespondentpangandus #NewYorkDepartmentOfFinancialServices #PoliitiliseltMõjuvõimasIsik(pep) #Rahapesu #RahapesuTõkestamine #RahapesuvastaneKontroll(aml) #SebEesti #SebLäti #SebLeedu #SebPank #TehinguteSeire #TunneOmaKlienti(kyc) #VenemaaRahapesuskandaalid

New York’s Crypto Watchdog Teams With EU to Police Stablecoins

New York’s preeminent crypto regulator has charted a transatlantic path toward comprehensive stablecoin rules, aligning regulatory efforts on…
#Europe #EU #confidentialinformation #EuropeanBankingAuthority #EuropeanUnion #memorandumofunderstanding #NewYorkDepartmentofFinancialServices #TheEuropeanUnion
https://www.europesays.com/europe/58803/

Yahoo Finance | Ripple injects $250 million lifeline into billionaire twins-led exchange

Ripple, the blockchain and crypto payments company, has expanded its credit line for the Gemini crypto exchange to $250 million, as revealed in a form-10 filing with the Securities and Exchange Commission (SEC) on March 31. Founded by the billionaire Winklevoss twins in 2014, Gemini went public in September last year but has recently announced mass layoffs as it retreats from global markets, including the U.K., the European Economic Area, and Australia. The credit agreement between Ripple and Gemini was initially established in July of the previous year with a $75 million credit line, which could be increased to $150 million by December if certain conditions were met.

The amended Ripple credit agreement now includes a higher interest rate of 7% per annum, up from the original 6.5%, along with additional collateral and operating covenants tied to the holdings and activity levels of the RLUSD stablecoin. If Gemini fails to reduce its outstanding borrowings to $150 million or less by July 2, 2026, the interest rate will rise to 10%. Gemini must also pledge company-owned RLUSD as collateral, hold it in a qualified custodian regulated by the New York Department of Financial Services (NYDFS), and enter into a control agreement satisfactory to Ripple by January 31. Any failure to meet these conditions will trigger an immediate event of default.

Beyond the credit facility, the relationship between Ripple and Gemini extends to a co-branded credit card launched by Gemini in August of the previous year, which attracted over 30,000 users in its first month. As of December 31, Gemini held approximately $154.1 million in outstanding principal and had pledged around $188.8 million in credit card receivables as collateral, with nearly $219.8 million in Gemini Credit Card customer receivables purchased by year-end, part of which is pledged under the Ripple facility. TheStreet originally published this story on April 6, 2026, in its MARKETS section.

Read more: https://finance.yahoo.com/markets/crypto/articles/ripple-injects-250-million-lifeline-173512395.html

#ripple #gemini #winklevosstwins #securitiesandexchangecommission #newyorkdepartmentoffinancialservices

Block Agrees to $40M Settlement With New York Over Faulty Money-Laundering Controls - Block Inc. has agreed to pay $40 million to settle accusations from the New York Departme... - https://www.coindesk.com/policy/2025/04/10/block-agrees-to-usd40m-settlement-with-new-york-over-faulty-money-laundering-controls #newyorkdepartmentoffinancialservices #moneylaundering #jackdorsey #regulation #settlement #blockinc. #cashapp #policy

Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval - Ripple's upcoming stablecoin will leverage its established position for payments and be a... - https://www.coindesk.com/business/2024/10/15/ripple-names-exchange-partners-for-stablecoin-rlusd-awaits-nydfs-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #ripplelabs #stablecoin #finance #ripple #news

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints - New York’s top financial regulator has issued new guidance which requires cryptocurrency ... - https://www.coindesk.com/policy/2024/05/30/nydfs-issues-new-crypto-firm-guidance-for-consumer-complaints/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #virtualassetserviceprovider #customerproblems #regulations #policy #crypto #nydfs #news

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options - Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesda... - https://www.coindesk.com/policy/2024/02/13/ripple-to-buy-new-york-crypto-trust-company-to-expand-us-options/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #securitiesandexchangecommission #mergersandacquisitions #standardcustody #regulations #policy #ripple #news #xrp

New York's Crypto BitLicense Oversight Criticized by State's Comptroller - The New York Department of Financial Services (DFS) is drawing some internal heat over wh... - https://www.coindesk.com/policy/2024/01/09/new-yorks-crypto-bitlicense-oversight-criticized-by-states-comptroller/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #stategovernment #regulations #bitlicense #policy #audit #news

New York Regulator Seeks Tougher Norms For Adding, De-Listing Crypto Coins - Licensees in the state will have to set out technology, market and regulatory risks for l... - https://www.coindesk.com/policy/2023/09/18/new-york-regulator-seeks-tougher-norms-for-adding-de-listing-crypto-coins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #regulations #newyork #policy #news

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’ - The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s ... - https://news.bitcoin.com/us-house-financial-services-committee-passes-stablecoin-legislation-after-a-few-fireworks/ #newyorkdepartmentoffinancialservices #ushousefinancialservicescommittee #clarityforpaymentstablecoinsact #cryptocouncilforinnovation #adrienneharris #patrickmchenry #sheilawarren

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment - Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced... - https://news.bitcoin.com/nasdaq-halts-crypto-custody-plans-amid-tough-us-regulatory-environment/ #newyorkdepartmentoffinancialservices #u.s.regulatoryenvironment #securitieslawviolations #trustcompanycharter #softwaresolutions #cryptocurrency #custodyservice #adenafriedman #digitalassets #earningscall #haltedlaunch #robinhood #sec

DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization - Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitaliza... - https://news.bitcoin.com/dai-emerges-as-third-largest-stablecoin-overtaking-busd-in-market-capitalization/ #newyorkdepartmentoffinancialservices #marketcapitalization #over-collateralized #circulatingsupply #stablecoinmarket #marketvaluation #terrausdclassic #daistablecoin #third-largest #cryptoassets #binanceusd

Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts - The platform was charging investors ‘exorbitant and undisclosed f... - https://cointelegraph.com/news/coin-cafe-undiclosed-bitcoin-fees-fined-new-york #newyorkdepartmentoffinancialservices #officeoftheattorneygeneral #coincafe #oag #dfs

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’ - Adrienne A. Harris, the superintendent of New York’s Department of Financial Servi... - https://news.bitcoin.com/new-york-regulator-calls-crypto-theories-associated-with-signature-bank-closure-ludicrous/ #newyorkdepartmentoffinancialservices #signaturebankclosure #signaturebankcrypto #uninsureddeposits #adriennea.harris #chokepoint2.0 #dodd-frankact #barneyfrank #regulation

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as Ludicrous - Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Poi... - https://www.coindesk.com/policy/2023/04/05/nydfs-chief-dismisses-choke-point-20-theory-of-signatures-closure-as-ludicrous/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #adrienneharris #signaturebank #regulations #newyork #policy #news

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout - On Sunday, the New York Department of Financial Services, or DFS, announced that i... - https://news.bitcoin.com/ny-regulators-seize-control-of-signature-bank-depositors-assured-by-federal-bailout/ #federalreservebanktermfundingprogram #newyorkdepartmentoffinancialservices #exchangestabilizationfund #secretaryofthetreasury #financialinstitutions #crypto-friendlybank #financialregulators #marketobservers

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

https://news.bitcoin.com/ny-regulators-seize-control-of-signature-bank-depositors-assured-by-federal-bailout/

#FederalReserveBankTermFundingProgram #NewYorkDepartmentofFinancialServices #ExchangeStabilizationFund #secretaryoftheTreasury #FinancialInstitutions #crypto-friendlybank #Financialregulators #treasurydepartment #SiliconValleyBank #depositinsurance #Publicconfidence #USFederalReserve #failedbanks

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD - Despite the minting of $50 million in TUSD, Zhao previously said ... - https://cointelegraph.com/news/binance-mints-50m-trueusd-days-after-paxos-ordered-stop-issuing-busd #newyorkdepartmentoffinancialservices #algorithmicstablecoins #twitterspaces #trusttoken #japan #busd #usdc #usdt #tusd #usdp #euro #yen

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

https://cointelegraph.com/news/binance-mints-50m-trueusd-days-after-paxos-ordered-stop-issuing-busd

#NewYorkDepartmentofFinancialServices #AlgorithmicStablecoins #TwitterSpaces #TrustToken #Japan #BUSD #USDC #USDT #TUSD #USDP #Euro #Yen

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure - The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it wou... - https://www.coindesk.com/markets/2023/02/14/stablecoin-issuer-paxos-burns-700m-binance-usd-in-27-hours-amid-regulatory-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #newyorkdepartmentoffinancialservices #stablecoin #markets #binance #news #busd

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert - Before Paxos published a press release at 6 a.m. Eastern time Monday, the stableco... - https://news.bitcoin.com/busd-redemptions-soar-near-290-million-in-8-hours-after-nydfs-consumer-alert/ #newyorkdepartmentoffinancialservices #u.s.securitiesandexchangecommission #marketcapitalization #cryptocompare.com #paxostrustcompany #pricefluctuations #busdredemptions #stablecoinnews #investigation #binancepaxos #nydfs

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

https://news.bitcoin.com/busd-redemptions-soar-near-290-million-in-8-hours-after-nydfs-consumer-alert/

#NewYorkDepartmentofFinancialServices #USSecuritiesandExchangeCommission #MarketCapitalization #cryptocompare.com #PaxosTrustCompany #PriceFluctuations #BUSDredemptions #stablecoinnews #Investigation #BinancePaxos #fluctuations #fully-backed #pressrelease #Circulation #redemptions #Stablecoins #tradevolume

Stablecoin issuer Paxos probed by New York regulators - While the exact reason for the investigation hasn’t been revealed... - https://cointelegraph.com/news/stablecoin-issuer-paxos-probed-by-new-york-regulators #newyorkdepartmentoffinancialservices #officeofthecomptrollerofthecurrency #unitedstates #paxosdollar #bitlicense #coinbase #terra #busd #usdp #luna #ustc

Stablecoin issuer Paxos reportedly probed by New York regulators

https://cointelegraph.com/news/stablecoin-issuer-paxos-probed-by-new-york-regulators

#NewYorkDepartmentofFinancialServices #OfficeoftheComptrolleroftheCurrency #UnitedStates #PaxosDollar #BitLicense #Coinbase #Terra #BUSD #USDP #LUNA #USTC

'This is on me' — Robinhood CEO to lay off 23% of staff after Q2 loss

https://cointelegraph.com/news/this-is-on-me-robinhood-ceo-to-lay-off-23-of-staff-after-q2-loss

#NewYorkDepartmentofFinancialServices #VladTenev #results #fine #Q2

Robinhood’s Crypto Trading Unit Fined $30 Million in Landmark Case

https://beincrypto.com/robinhoods-crypto-trading-unit-fined-30-million-in-landmark-case/

#NewYorkDepartmentofFinancialServices(NYDFS) #CryptoRegulations #RobinhoodNews #CryptoFines #Markets #NewYork

New York’s Crypto Regulation Takes New Dimension With New Provisions

https://beincrypto.com/new-yorks-crypto-regulation-takes-new-dimension-with-new-provisions/

#NewYorkDepartmentofFinancialServices(NYDFS) #CryptoRegulations #BitLicense #Markets #NewYork