Tag: financial

Coinbase Reaches Settlement with NYDFS Over Inadequate Compliance Program

By: Casey Reilly The market value of digital assets, specifically cryptocurrencies, is valued in the trillions of dollars and steadily continues to grow.  In 2021, the market capitalization of digital assets jumped from $1.95 trillion to $2.14 trillion in a one-month span.  Digital assets are transforming the roles of financial markets and commerce around the… Read More Coinbase Reaches Settlement with NYDFS Over Inadequate Compliance Program

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Federal Agencies Indicate Intentions to Tighten Data Security Controls

By: Casey Reilly Last month, two federal United States agencies, the Consumer Financial Protection Bureau (“CFPB”) and the Federal Trade Commission (“FTC”), indicated their separate intent to tighten existing consumer security protocols.  The CFPB issued a circular, which is a policy statement that advises relevant authorities on how to enforce federal laws related to consumer… Read More Federal Agencies Indicate Intentions to Tighten Data Security Controls

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