DFS authorizes Coinbase Global to form Coinbase Custody Trust Company LLC LeapRate

Coinbase adds Stellar Lumens (XLM) on its professional trading platform

October 24, 2018 BY Valentina Kirilova

DFS authorizes Coinbase Global to form Coinbase Custody Trust Company LLC

Financial Services Superintendent Maria T. Vullo has just announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from…

March 09, 2018 BY Valentina Kirilova

New York State Department of Financial Services and the Bank of Israel sign MoU

Financial Services Superintendent Maria T. Vullo and the Supervisor of Banks at the Bank of Israel, Dr. Hedva Ber, have just announced that they have signed an agreement of understanding (MoU) and cooperation between the two authorities. The Governor of the Bank of Israel, Dr. Karnit Flug, approved the signing of the document. The memorandum…

December 29, 2016 BY Valentina Kirilova

New York State DFS issues updated proposed cybersecurity regulation protecting consumers and financial institutions

Financial Services Superintendent Maria T. Vullo announced that the New York State Department of Financial Services (DFS) has updated its proposed first-in-the-nation cybersecurity regulation to protect New York State from the ever-growing threat of cyber-attacks. The proposed regulation, which will be effective March 1, 2017, will require banks, insurance companies, and other financial services institutions…

May 05, 2016 BY Maria Nikolova

New York DFS authorizes Gemini Trust Company to offer Ether trading

Governor Andrew M. Cuomo today announces that the New York State Department of Financial Services (DFS) has granted authorization Gemini Trust Company, LLC to offer the trading of Ether, an emerging cryptocurrency, on its virtual currency exchange based in New York City. As a limited purpose trust company chartered under New York State Banking Law,…

March 29, 2016 BY Maria Nikolova

Celeste Koeleveld joins New York DFS as General Counsel

The New York Department of Financial Services (DFS) today announces the appointment of Celeste Koeleveld as General Counsel. Ms. Koeleveld will lead DFS’s Office of General Counsel and will be responsible for all legal matters in the agency, reporting directly to the Superintendent. Ms. Koeleveld brings 25 years of experience in significant positions in public…

November 18, 2015 BY Maria Nikolova

Barclays reaches $150M settlement with New York DFS in relation to Forex investigation

Barclays PLC (LON:BARC) has just announced that it has reached a settlement with the New York State Department of Financial Services (DFS) in respect of the regulator's investigation into the bank's electronic trading of foreign exchange (FX) and FX electronic trading systems. The probe concerns a five-year period – from 2009 to 2014. The New…

November 10, 2015 BY Maria Nikolova

NY financial regulator considers increased cyber security defenses

Shortly after the National Futures Association (NFA) announced that it will tighten the requirements regarding cyber security for all of its members, including Forex brokers, another US regulator is considering new cyber security requirements. The New York State Department of Financial Services (NYDFS) has sent an official letter to Financial and Banking Information Infrastructure Committee (FBIIC)…

October 26, 2015 BY Maria Nikolova

US regulators step up investigation into Deutsche Bank's activities in Russia

Several months have passed since New York’s Department of Financial Services first announced it was examining the activities of investment giant Deutsche Bank AG (FRA:DBK) over suspected money laundering. According to a report by the Financial Times, the US Department of Justice (DoJ) and New York’s Department of Financial Services (NYDFS) are widening the scope…

September 08, 2015 BY Maria Nikolova

CME Group to launch 7-year, 20-year US Dollar deliverable swap futures

The addition expands the DSF offering and builds on the success of 2, 5, 10 and 30-year deliverable swap futures.

Tag: DFS