Web3
X Money can’t pay New Yorkers interest, gives them a $300 ‘bonus’ instead
Protos·September 2, 2026·1 min read
X Money replaced interest payments for New York residents with a $300 bonus after an NYDFS warning. The move avoids regulatory classification of interest, letting the platform continue offering incentives without violating state rules. Users in New York get the one-time bonus instead of ongoing yield.
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