NYDFS seeks public feedback on new crypto listing guidelines


18 Sep 2023 3:30 PM

NYDFS is seeking public feedback on its updated guidance, including risk assessment standards and requirements on coin-delisting policies....

  • 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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You May Ask

What is the purpose of the NYDFS update on cryptocurrency listing guidance?What are the additional requirements for coin-delisting policies?Which cryptocurrencies are included in the NYDFS-controlled Greenlist?What factors does the NYDFS consider when evaluating coins for listing?How is the NYDFS heightening its risk-assessment standards for crypto companies?

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