XRP, Dogecoin And LTC Removed From NY's Crypto Greenlist

Bitcoinist
Bitcoinist

19 Sep 2023 6:00 AM

NYDFS has undertaken a revision of its virtual currency framework, resulting in XRP, Dogecoin and Litecoin being removed from the "greenlist"....

  • The New York Department of Financial Services (NYDFS) has revised its virtual currency framework, resulting in XRP, Dogecoin, Litecoin, and others being removed from the state's "greenlist."
  • The greenlist now only includes eight tokens, including Bitcoin, Ethereum, and stablecoins like Gemini Dollar and Pax Dollar.
  • The NYDFS aims to clarify protocols for coin-listing and delisting for regulated entities, and has increased risk assessment norms for coin-listing paradigms.
  • Superintendent Adrienne A. Harris has emphasized the department's proactive approach to cryptocurrency oversight.

The sentiment in the article is mixed. There is skepticism from some individuals regarding the removal of XRP from the greenlist, while others provide clarity on the situation.

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You May Ask

Which tokens were removed from the NYDFS greenlist?How many tokens are currently on the greenlist?What are the criteria for a coin to be added to the greenlist?What actions has Superintendent Adrienne A. Harris taken to enhance cryptocurrency oversight?What is the current trading price of XRP?

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