NYDFS rolls out listing and delisting rules for crypto exchanges
The primary regulator of New York will now decide which company is allowed to list or delist a crypto currency. The New York State Department of Financial Services (NYDFS) has unveiled a new set of “heightened standards” for listing and delist ing crypto currencies as the market “has evolved sufficiently.” In a statement on Nov. 15, NYDFS Superintendent Adrienne A. Harris said that licensed crypto businesses seeking listing of a token will have to submit their listing and delisting policies and receive approval from NYDFS. The regulator noted it “will not approve a coin listing policy absent an accompanying coin delisting policy.” You might also like: New York AG proposes ‘nation-leading’ crypto regulation Crypto businesses could list a specific set of cryptocurrencies without listing and delisting policies, but this only applies to those coins included on the NYDFS greenlist. As of press time, the list includes Bitcoin (BTC), Ethereum ...