New York Financial Services Department

According to reports, a spokesman for the New York Financial Services Department (NYDFS) said that the decision to take over Signature Bank on Sunday had nothing to do with the bank’s cryptocurrency business. Previously, Barney Frank, a former US congressman, criticized the decision of the regulators, claiming that they “wanted to transmit harmful information about cryptocurrency”. A spokesman for NYDFS said in a statement that the decision to take over the bank and hand it over to FDIC was based on the current situation of the bank and its ability to conduct business in a safe and healthy manner. The spokesman said that they were working with senior executives of Signature Bank to assess its financial status, ability to meet withdrawal requests and whether it could continue to operate normally. The bank did not provide “reliable and consistent data, resulting in a serious crisis of trust in the bank’s leadership”. NYDFS said that Signature is a bank with more important…

It is reported that the New York Financial Services Department (NYDFS)\’s BUSD casting ban forced Coin to find other stable currency alternative solutions to me…

According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company\’…