Tag: York

Crypto Lender Genesis Files for Bankruptcy in New York

[ad_1] The crypto lender Genesis filed for Chapter 11 bankruptcy late on Thursday following the company’s troubles with liquidity triggered by two major collapses in the cryptocurrency industry last year. It came when the company was reportedly seeking to raise capital, but failed. According to the official announcement, Genesis...
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New York Regulator Mandates Crypto Permission for Banks

[ad_1] The New York Department of Financial Services (NYDFS) has published a guidance that requires banking firms under the State of New York to seek advance permission from it before they or their authorized third-party agents engage in cryptocurrency-related activities. Grab your copy of our latest Quarterly Intelligence Report...
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New York Fed Partners with US Banks on 3-Month Digital Dollar Project

[ad_1] The Federal Reserve Bank of New York’s Innovation Centre (NYIC) in partnership with some US banking giants has kickoff a three-month digital dollar proof-of-concept (PoC) project. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital...
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New York Approves Apex Crypto Application for BitLicense

[ad_1] Apex  Fintech  Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology...
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