NYDFS
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NYDFS denies takeover of Signature Bank is related to its cryptocurrency operations
According to reports, a spokesman for the New York Financial Services Department (NYDFS) said that the decision to take over Signature Bank on Sunday had nothing to do with the bank’s cryptocurrency business. Previously, Barney Frank, a former US congressman, criticized the decision of the regulators, claiming that they “wanted to transmit harmful information about cryptocurrency”. A spokesman for NYDFS said in a statement that the decision to take over the bank and hand it over to FDIC was based on the current situation of the bank and its ability to conduct business in a safe and healthy manner. The spokesman said that they were working with senior executives of Signature Bank to assess its financial status, ability to meet withdrawal requests and whether it could continue to operate normally. The bank did not provide “reliable and consistent data, resulting in a serious crisis of trust in the bank’s leadership”. NYDFS said that Signature is a bank with more important…
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BUSD Ban Leads Coin Security to Turn to TUSD for Stable Currency
It is reported that the New York Financial Services Department (NYDFS)\’s BUSD casting ban forced Coin to find other stable currency alternative solutions to me…
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Zhao Changpeng Criticizes Bloomberg’s Report on Complaint against Coin An
On February 15, Zhao Changpeng made a speech on the official Twitter Space of Coin An and criticized Bloomberg\’s report that Circle complained about Coin An to…
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NYDFS Instructs Paxos to Stop Issuing BUSD, Coinbase Shares Concerns about SEC’s Interest
According to reports, Coinbase said in its official tweet that this week the New York State Department of Financial Services (NYDFS) asked Paxos to stop issuin…
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Coinbase and Circle Receiving NYDFS Approval for BUSD Operations
21:00-7:00 Keyword: Coinbase, BUSD, Circle, NYDFS
Overview of important developments overnight on February 14
Interpretation of the news:
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NYDFS stops Paxos from issuing BUSD tokens through Binance over reserve concerns
It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that…
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NY Financial Services Dept. Spokesman Accuses Paxos of Allowing Bad Actors to Use BUSD
According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company\’…
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OKX Founder Shows Support for Regulated Stable Currencies
It is reported that Xu Mingxing, the founder of OKX, reiterated that OKX highly supports regulated stable currencies such as USDC and has no plans to launch OK…