New York
A Coinbase-funded pilot is sending $12,000 in USDC to 160 New Yorkers over five months; the funds originated with Coinbase but were not provided directly by the exchange this year.
MoonPay has been granted a New York Limited Purpose Trust Company charter, enabling it to offer institutional-grade digital asset custody and trading services under state oversight. The move strengthens its regulatory footing and could attract more institutional clients.
MoonPay has received a New York trust charter, clearing the way to expand regulated institutional offerings including custody and fiat rails. The approval strengthens its compliance standing and could accelerate institutional onboarding.
On March 12, 2023, the New York State Department of Financial Services took control of Signature Bank amid a financial crisis. This event marked a significant moment in the banking sector, illustrating the risks and regulatory oversight in financial institutions. Learn more about the implications and how platforms like Bitlet.app offer alternative ways to engage with crypto assets safely.
Two men in New York have been charged with kidnapping a business associate for three weeks in an attempt to steal his Bitcoin. This case raises serious concerns about criminal activity in the cryptocurrency space.