Noah Perlman, the newly hired global chief compliance officer at Binance Holdings Ltd., said the regulatory environment for the cryptocurrency industry has made his job one of the “most challenging opportunities in compliance.” Mr. Perlman, speaking at a crypto industry conference on Tuesday, said ...Read More

New York regulators are poised to set the benchmark for crypto firms in the U.S. and worldwide with its licensing regime that the crypto industry covets and loathes for its attainability. State of play: Superintendent Adrienne Harris took the helm of the state’s Department of Financial Services in January ...Read More

Credit Suisse’s near-167 years of history came to a screeching end on Sunday as the lender sought refuge in the arms of cross-town rival UBS. The $3.2 billion deal, brokered by a Swiss government under considerable pressure from abroad to contain the problem, marks the latest ...Read More

In the wake of Silicon Valley Bank’s collapse, which set off panic in the financial sector and concern across the global economy, a crucial question has been whether regulators could have intervened sooner. Recent reporting has indicated that, more than a year ago, the San Francisco ...Read More

In 2018, Congress passed bipartisan legislation signed into law by President Donald Trump weakening regulations on mid-sized financial institutions like Silicon Valley Bank, whose collapse last week set off fears of another 2008-like financial crisis. The measure was supported by 33 House Democrats and 17 Democratic ...Read More

After the New York Department of Financial Services took possession of Signature Bank on Sunday, speculation mounted that regulators had seized the bank because of its crypto-friendly stance and Signet payment platform, a popular tool for the blockchain industry. The narrative was boosted by former Rep. Barney Frank, ...Read More

Crypto shops weary from last year’s sequence of unfortunate events likely have strenuous regulatory calisthenics waiting for them, and executives see compliance costs rising across the board. Why it matters: Regulators’ hawkish stance on the industry signals a coming torrent of enforcement action — one that ...Read More