🕵️ New York State Department of Financial Services (NYDFS) Director Adrienne Harris, speaking at the Financial Times Crypto Winter Summit, expressed concerns about the cryptocurrency market providing favorable conditions for illicit finance. He highlighted that regulators have been closely monitoring the use of cryptocurrencies in financial crimes, and recent cases involving Binance and the Department of Justice have intensified their interest. Harris emphasized the challenge of integrating cryptocurrency companies into the regulatory framework to combat illegal activities in the space. 💼🔍 #CryptoRegulation #NYDFS #CryptocurrencyCrime 🚀🌐

The SECGov has opposed a $1.02 billion deal by #BinanceUS to purchase assets of defunct crypto lender @investvoyager. 🔶✅

#NYDFS and @NewYorkStateAG also opposed the deal, including allegations that Voyager was unlawfully serving customers in the state.

#Binance #BTC #BNB

#BUSD   , the most fiat-backed stablecoin, audited by big audit firms, regulated by the #NYDFS , was forced to wind down (no new minting).

USDC is shrinking in the market cap too due to bank closures.

#USDT is growing.
#Binance #crypto2023

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NYDFS pushes back against claim that Signature Bank takeover was crypto related.


#NYDFS #SignatureBank #btcsoaring

BREAKING🔥
🏦#Ripple 's #stablecoin is "operationally ready" as the firm named exchange partners, market makers and an advisory board for $RLUSD.

The firm is now waiting for regulatory approval from
#NYDFS , Ripple president Monica Long said🗣️