Search results for New York State Department of Financial Services
Crypto
Traditional payments industry may embrace bitcoin, ETA CEO says more partnerships likely
The Electronic Transactions Association (ETA) signalled that cooperation between bitcoin companies and traditional payment firms could expand, while saying it does not advocate bitcoin as a specific technology. CEO Jason Oxman said more partnerships could emerge as members recognise bitcoin’s potential, citing BitPay’s admission as ETA’s first virtual asset member. He also pointed to the Bitcoin Foundation’s role in boosting understanding. Oxman urged caution on regulation, including New York’s BitLicense.
Crypto
SBI VC Trade launches RLUSD service, Japan\'s first fourth-category electronic payment instrument
SBI VC Trade, a unit of Japan’s SBI Holdings, has started handling RLUSD, a dollar-based stablecoin promoted by Ripple. CoinPost reported RLUSD is Japan’s first fourth-category electronic payment instrument. RLUSD is issued by Ripple subsidiary SCTC and approved by the New York State Department of Financial Services. SBI VC Trade will initially support Ethereum only, with free deposits and withdrawals, and set a 1 million yen cap per transaction for trading orders and withdrawals.
Crypto
Ripple\'s RLUSD ranks ninth by stablecoin market cap; volume up 72 percent
Ripple’s stablecoin RLUSD has climbed to ninth place globally by stablecoin market capitalisation after surpassing $1.64 billion. Blockchain outlet U.Today reported RLUSD crossed the threshold for the first time about a year after launch. Trading activity accelerated alongside a recovery in broader crypto market sentiment, with SosoValue data showing RLUSD volume jumping more than 72 percent over the past 24 hours. The article cites growing adoption tied to Ripple’s partnerships, cross-border payments design and NYDFS oversight.
