The U.S. District Court for the Southern District of New York denied the Office of the Comptroller of the Currency’s motion to dismiss a lawsuit that challenged the OCC’s authority to issue "FinTech" charters under the National Bank Act.
A Colorado state court determined that securitization trusts that acquire marketplace lender loans originated to Colorado consumers are subject to Colorado jurisdiction.
At a recent webinar, Cadwalader attorneys reviewed anti-money laundering developments affecting cannabis businesses, broker-dealers and blockchain, and discussed draft legislation affecting the Bank Secrecy Act.
The New York State Department of Financial Services granted virtual currency licenses to Robinhood Crypto LLC, a subsidiary of Robinhood Markets Inc., and Moon Inc., d/b/a LibertyX.
The New York State Department of Financial Services granted a virtual currency and money transmission license to a subsidiary of the New York Digital Investment Group, LLC.
The New York State Department of Financial Services granted a virtual currency license to the "first and only" company operating Bitcoin teller machines in New York.
The New York Department of Financial Services authorized a digital currency exchange to operate as a limited purpose trust company and to offer secure custody services for virtual currencies.
In a newly published report, the New York State Department of Financial Services found that online marketplace lending has increased dramatically since 2015.
The CFTC and the North American Securities Administrators Association signed an agreement to share confidential information in order to improve and increase the impact of enforcement-related activities.
Millennials are most vulnerable to FinTech fraud, according to a new North American Securities Administrators Association Pulse Survey of securities regulators.
The New York State Department of Financial Services reminded virtual currency entities that they are required to implement measures to prevent and respond to fraud and efforts at market manipulation.
The North American Securities Administrators Association shared several current and emerging investment threats identified by state regulators and the NASAA Enforcement Section.
The New York Department of Financial Services ("NYDFS") granted a charter under New York banking law ("Banking Law") to Gemini Trust Company, LLC ("Gemini"), a Bitcoin exchange based in New York City.
The New York Department of Financial Services ("NYDFS") released a final "BitLicense" framework that establishes a licensing and regulatory regime for New York businesses engaged in activities related to Bitcoin and other virtual currencies. According to NYDFS, the rules will apply to persons...
The New York Department of Financial Services ("NY DFS") released the revised proposal for its first-ever license for virtual currency operators, which includes a conditional version of a license for startups, as well as state-level anti-money laundering requirements and enhanced consumer...
The New York Department of Financial Services ("DFS") released a draft proposal for licensing and regulating virtual currency businesses like Bitcoin. The proposed "BitLicense" regulatory framework contains consumer protection, anti-money laundering compliance, and cybersecurity rules tailored for...
