Record sog_ev_usdt_2021_02_nyag_settlement

NYAG settlement with Bitfinex and Tether entities

The New York Attorney General announced a settlement involving Bitfinex and Tether entities, including requirements connected to reserve and transaction reporting.

Date
2021-02-23
Severity
High
Type
Regulatory SettlementRegulatory action
Lifecycle effect
No lifecycle change
Recovery
Not applicableNot yet recorded
Evidence
1 source record1 relation

Reviewed explanation

What happened

The primary date, severity, type, effect, recovery, and Evidence count are already shown above.

The New York Attorney General announced a settlement involving Bitfinex and Tether entities, including requirements connected to reserve and transaction reporting.

Cause or mechanism
regulatory_reserve_context
Structured detail kind
Regulatory
Record confidence
Medium

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.

Typed record

Structured detail

Only event-type-specific facts are shown here.
Structured event detail
Regulatory detail — JurisdictionUnited States / New York
Regulatory detail — AuthorityNYAG
Regulatory detail — Action typeSettlement
Regulatory detail — Effective date2021-02-23
Regulatory detail — Resolution dateNot yet recorded
Regulatory detail — Jurisdiction
United States / New York
Regulatory detail — Authority
NYAG
Regulatory detail — Action type
Settlement
Regulatory detail — Effective date
2021-02-23
Regulatory detail — Resolution date
Not yet recorded

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
1 source identity · 1 evidence relation
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Attorney General James ends virtual currency trading platform Bitfinex's illegal activities in New York
Published 2021-02-23
New York Attorney GeneralRegulatory or court record
Canonical: Regulatory Source
Government, regulator, or legal sourcePrimary sourceRegulatory Reserve ContextDirect archived snapshotHigh

Maintenance

Corrections and further reading

Use the documented correction path and methodology.