NYDFS has approved eight crypto assets for listing and trading on exchanges
NYDFS - The New York State Department of Financial Service. On the regulator's website there are two categories of assets: cryptocurrencies that are allowed to be stored in licensed firms, and crypto assets that are available for trading on exchanges. The second category includes BTC, ETH, BCH, LTC, BUSD, GUSD, PAXG and PAX. In addition to these cryptocurrencies, XRP and ETC were added to the first category.
NYDFS clarified that any firm that has a BitLicense to conduct cryptocurrency activities in new York state can work with assets from these lists. Before companies start using them, they must notify the regulatory authorities.
NYDFS has controlled the cryptocurrency industry in new York state since 2015. In June, NYDFS announced that it would make it easier for cryptocurrency firms to obtain BitLicense and suggested using a conditional license, under which startups could work with companies that already have a valid BitLicense. In addition, NYDFS superintendent Linda Lacewell reported last month that the industry has generally responded positively to the changes made to BitLicense. These changes affect the process of approving cryptocurrencies for listing and the structure of their placement on exchanges.
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