New York State Department of Financial Services
Coverage of New York State Department of Financial Services in the Nexus archive.
- Mastercard Secures New York BitLicense to Advance Digital Asset Strategy
Mastercard has obtained a BitLicense from New York's financial regulator, enabling it to expand into digital asset activities like stablecoin infrastructure and blockchain payments. The approval follows its $1.8 billion acquisition of stablecoin firm BVNK and aligns with its strategy to integrate crypto into mainstream finance.
- Mayor Zohran Mamdani is wading into an international M&A deal
NYC Mayor Zohran Mamdani is urging New York State's financial regulator to block Western Union's $500 million acquisition of Intermex, a money transfer service serving immigrants, arguing the merger will reduce competition and raise remittance prices. The move reflects growing antitrust enforcement at the state and local levels as the Trump administration steps back from such cases.