The post NYDFS Implements New Rules for Crypto Listings and Delisting! appeared first on Coinpedia Fintech News

New York’s financial regulator, the New York State Department of Financial Services (NYDFS), has released new guidance on the listing and delisting of cryptocurrencies on exchanges. The rules, which came into effect immediately, require crypto firms to obtain approval from the regulator before listing a coin. The guidance follows a two-month public consultation period. The NYDFS said that crypto firms without approved policies may only list tokens on their “greenlist” unless otherwise approved. The new requirements cover governance, risk assessment, and monitoring of coins, and crypto firms must submit a draft delisting policy by December 2023, with a final version due by January 2024. The move is part of the NYDFS’s efforts to bolster oversight of crypto firms.

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