New York State news and trends

Today in Crypto: Singapore’s Central Bank Weighs Stablecoin Regulations in Wake of TerraUSD Collapse; Robinhood...
Cryptocurrency // August 02, 2022

The Monetary Authority of Singapore (MAS) is looking at how to regulate stablecoins, a release from the agency said. The bank says it’s considering the merits of a regulatory system centered on the risks and general merits of the coins, which are cryptocurrencies pegged to...

New York AG Seeks Investors Impacted by Crypto Crash
Cryptocurrency // August 01, 2022

Letitia James, the New York state attorney general, has issued an investor alert saying any New Yorker “deceived or affected” by the cryptocurrency crash to contact her office, a press release said Monday (Aug. 1). There have been numerous high-profile crypto companies which have frozen...

NY Senate Allows Regulator to Charge Crypto Companies a Fee
Cryptocurrency // April 11, 2022

The New York State Senate is upping the efforts from the Department of Financial Services to help oversee cryptocurrency, Coindesk said. The Senate passed its fiscal year 2023 budget early on Saturday (April 9), which included a provision tasking NYDFS with developing a new charge...

NY Seizes Municipal Credit Union After Embezzlement
Security & Fraud // May 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According...

Interviews & Exclusives
NY’s Payroll State Of Mind

July 14, 2016
Proposed rules would alter the way New York-based employees are paid – as in they get to pick. Compliance. Headache. American Payroll Association execs tell us how the road to regulatory and payroll Hades is paved with good intentions. Maybe.

Quick Reads
NY Bill Would Allow Crypto Payments to State Agencies

January 29, 2023
New York is considering a bill that would let consumers pay state agencies with cryptocurrency. The legislation, now in committee before the state assembly, proposes that crypto be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges” owed to state agencies, according to the bill, introduced last week by […]

Today in Crypto: Singapore’s Central Bank Weighs Stablecoin Regulations in Wake of TerraUSD Collapse; Robinhood...

August 02, 2022
The Monetary Authority of Singapore (MAS) is looking at how to regulate stablecoins, a release from the agency said. The bank says it’s considering the merits of a regulatory system...

New York AG Seeks Investors Impacted by Crypto Crash

August 01, 2022
Letitia James, the New York state attorney general, has issued an investor alert saying any New Yorker “deceived or affected” by the cryptocurrency crash to contact her office, a press...

NY Senate Allows Regulator to Charge Crypto Companies a Fee

April 11, 2022
The New York State Senate is upping the efforts from the Department of Financial Services to help oversee cryptocurrency, Coindesk said. The Senate passed its fiscal year 2023 budget early...