NYDFS seeks public feedback on new crypto listing guidelines

• The New York State Department of Financial Services (NYDFS) has updated its cryptocurrency listing guidance.
• The update includes tightened risk assessment standards and additional requirements for coin-delisting policies.
• Crypto companies need to seek approval from the NYDFS on their delisting policies before listing any coins on the NYDFS-controlled Greenlist.
• The Greenlist includes bitcoin (BTC), ether (ETH), gemini dollars (GUSD), and the PayPal dollar.
• The NYDFS will consider coins with a demonstrated historic record consistent with safety and soundness and stablecoins approved by the Department.
• The NYDFS is also heightening its risk-assessment standards for crypto companies.

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