Regulator Tightens Crypto Firms Rule: NYDFS Charging Supervised Companies, Impacting Profits
The New York State Department of Financial Services (NYDFS) has announced its intention to administer operational fees on cryptocurrency firms under its supervision. As one of the leading supervisory bodies in the U.S., the NYDFS has jurisdiction over financial service providers operating in the state, and the new fee initiative will impact a wide range […]
Binance Faces DFSA Scrutiny: Crypto Exchange’s Transparency Test
Dubai regulator demands Binance provides info on ownership, governance: Report The Dubai regulator has reportedly demanded that Binance, the world’s largest cryptocurrency exchange by trading volume, provide information on its ownership structure and governance practices. This comes as governments around the world tighten scrutiny on the fast-growing cryptocurrency sector and its dominant players. The Dubai […]