Robinhood’s Crypto Unit Fined $30 Million by Top New York Financial Regulator

The New York State Department of Financial Services has fined online brokerage Robinhood Markets Inc.’s cryptocurrency trading unit $30 million for alleged violations of anti-money laundering regulations. money and cybersecurity, as part of the department’s first crypto enforcement action. Newsletter Sign-Up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news … Read more

Fintech Chime Financial stays private as IPO market falters

Text size *** DISPOSABLE *** The time of dreams Chime Financial, a highly regarded fintech, may have put its IPO plans on hold. “Not only do we have the ability to add additional products and services, but we will continue to address more areas of our members’ financial lives,” said Chris Britt, co-founder and CEO … Read more

New York Federal Officials Seek Public Input on Crypto Regulation

NEW YORK—Senior officials from the U.S. Treasury Department, Department of Commerce, and New York State Department of Financial Services have said that when it comes to the digital asset industry, the involvement of the private sector is crucial, not only for its technological advancement, but also to ensure that it is not used for malicious … Read more

Truist Financial Acquires Long Game Gamified Fintech Startup

Financial truist Corp. operator of one of the nation’s largest commercial banks, has invested in gaming technology by acquiring Long Game Savings Inc., maker of a mobile app that rewards users for their savings. The deal, led by Truist Ventures, the bank’s venture capital arm based in Charlotte, North Carolina, includes Long Game’s team of … Read more