Category: NYDFS

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

Oct 29, 2020 at 13:30 UTC New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing […]

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What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

Oct 23, 2020 at 17:42 UTCUpdated Oct 23, 2020 at 18:08 UTC (Tingey Injury Law Firm/Unsplash, modified by CoinDesk) What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did […]

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Regulation will keep PayPal’s new crypto services from looking anything like crypto

Regulation will keep PayPal’s new crypto services from looking anything like crypto

For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. 4017 Total views 23 Total shares Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York […]

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