PYMNTS-MonitorEdge-May-2024

New York

NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
December 01, 2022  |  Cryptocurrency

A New York regulator has proposed charging licensed cryptocurrency businesses for its costs.  The New York State Department of Financial Services (DFS) said in a...

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NY Governor Signs Law Pausing Some Crypto Mining for 2 Years
NY Governor Signs Law Pausing Some Crypto Mining for 2 Years
November 23, 2022  |  Cryptocurrency

In a law that is said to be the first of its kind in the United States, New York has imposed a two-year moratorium on...

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Livestreamed Commerce Hits the Streets With Debut of Digital Window Shopping
Livestreamed Commerce Hits the Streets With Debut of Digital Window Shopping
November 23, 2022  |  Retail

Shoppers in New York City accustomed to browsing the decorated storefronts of Manhattan’s busy shopping district are about to get a glimpse of the future...

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NYC Dethrones Hong Kong as Most Expensive Retail Center
NYC Dethrones Hong Kong as Most Expensive Retail Center
November 23, 2022  |  Retail

Continued COVID-19 restrictions in China have stripped Hong Kong’s famed luxury district of its title as the world’s most expensive retail destination, a mantle that...

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FTX Liquidators in Bahamas Move Case From New York to Delaware
FTX Liquidators in Bahamas Move Case From New York to Delaware
November 22, 2022  |  Cryptocurrency

Bahamian liquidators who had filed a case related to the bankruptcy of FTX in New York have agreed to transfer that case to Delaware, where...

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NY Fed Official Says US CBDC Could Speed X-Border Transactions
NY Fed Official Says US CBDC Could Speed X-Border Transactions
November 04, 2022  |  CBDC

Faster cross-border transactions could be one of the most significant benefits of a United States central bank digital currency (CBDC), a New York Fed official...

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NY’s Fin Services Regulator Issues Revised Data Collection Proposal
NY’s Fin Services Regulator Issues Revised Data Collection Proposal
October 26, 2022  |  Regulation

New York State Superintendent of Financial Services Adrienne A. Harris has issued a revised proposed regulation that would allow the state’s Department of Financial Services...

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Fraudsters Shift Focus to Big-Ticket Real Estate Closing Scams
Fraudsters Shift Focus to Big-Ticket Real Estate Closing Scams
October 09, 2022  |  Security & Fraud

The Secret Service has been looking into identifying scammers moving millions of stolen dollars through banks around the New York tri-state area. A Bloomberg report...

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Attorneys General Ask Credit Card Companies to Track Gun Sales
Attorneys General Ask Credit Card Companies to Track Gun Sales
September 04, 2022  |  Legal

The attorneys general of New York and California think Visa, Mastercard and American Express should begin tracking gun sales and flagging suspicious purchases to law...

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