Over the past couple of years, the crypto industry has come under heavy scrutiny from skeptical regulators seeking to root out fraud and protect investors amid the initial coin offering boom that generated over $4 billion in...more
10/31/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Coinbase ,
Cryptocurrency ,
Custody Rule ,
Department of Financial Services ,
Digital Assets ,
Digital Currency ,
ETFs ,
Exchange-Traded Products ,
Financial Institutions ,
Initial Coin Offering (ICOs) ,
Innovation ,
Investment Companies ,
Investors ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
State Regulators ,
Virtual Currency
On April 17, 2018, the New York State Attorney General (“NYAG”) sent a “Virtual Markets Integrity Initiative Questionnaire” to 13 companies operating virtual currency trading platforms. The questionnaire consists of 34...more
5/1/2018
/ Attorney General ,
BitLicense ,
Coinbase ,
Commodities ,
Cryptocurrency ,
Department of Financial Services ,
Initial Coin Offering (ICOs) ,
Policies and Procedures ,
Questionnaires ,
Regulatory Agenda ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Trading Platforms ,
Transparency ,
U.S. Treasury ,
Virtual Currency
In late December, New York State’s Department of Financial Services (“DFS”) released its revised proposed cybersecurity regulation (the “DFS Rule”). While the revisions pare back some of the DFS Rule’s original requirements...more
2/1/2017
/ Banks ,
Covered Entities ,
Cybersecurity ,
Department of Financial Services ,
Employee Training ,
Encryption ,
Federal Bank Regulatory Agencies ,
Final Rules ,
Financial Institutions ,
GLBA Privacy ,
Gramm-Leach-Blilely Act ,
Insurance Industry ,
NIST ,
Popular ,
Risk Assessment ,
Third-Party Service Provider
If the New York State Department of Financial Services (“DFS”) has its way, come January 1, 2017, financial services companies that require a form of authorization to operate under the banking, insurance, or financial...more
9/23/2016
/ Banks ,
Breach Notification Rule ,
Chief Information Security Officer (CISO) ,
Covered Entities ,
Cybersecurity ,
Department of Financial Services ,
Financial Institutions ,
Financial Services Industry ,
Information Security ,
Notice and Comment ,
Proposed Regulation