United States of America: Investigation into BitPay by New York State Department of Financial Services
Progress
Current status
concluded
16 Mar 2023 concluded
Scope
Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational
Timeline of events
Announced settlement in New York State Department of Financial Services investigation into BitPay
On 16 March 2023, the New York State Department of Financial Services (NYSDFSS) announced it had reached a settlement in its investigation into BitPay for alleged deficiencies in the company's cybersecurity regulations and anti-money laundering (AML…
SourceEvent type
investigation
Action type
closure
Government branch
executive
Government body
other regulatory body