United States of America: New York Department of Financial Services' investigation into Coinbase
Progress
Current status
in force
04 Jan 2023 in force
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational
Timeline of events
Reached settlement in the investigation into Coinbase including a USD 50 million fine and commitment to invest USD 50 million into Compliance Programme
On 4 January 2023, the New York State Department of Financial Services (NYDFS) announced it reached a settlement with cryptocurrency trading platform Coinbase, closing its investigation into Coinbase' violations of the State's virtual currency, tran…
Event type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body