$8 million penalty to NYDFS – and another case of over-retention
Data Protection Report
JANUARY 18, 2024
(For more information about the crypto and financial services/regulation aspects, please see [link] Background NYDFS granted GGT a license to conduct a non-custodial cryptocurrency exchange business, which meant GGT was subject to NYDFS’ virtual currency regulation and its cybersecurity regulation.
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