The post New York NYDFS Tough Rules for Coin Listings and Delisting! appeared first on Coinpedia Fintech News

New York’s Department of Financial Services (NYDFS) has issued new framework guidance for cryptocurrency firms operating in the state. The guidance requires regulated crypto companies to submit a firm-specific coin listing policy and seek approval from the regulator before listing or offering custody for a coin, unless it is already on the regulator’s pre-approved “greenlist”. The move is aimed at increasing transparency and ensuring proper due diligence by crypto companies, according to NYDFS. This framework guidance was first introduced in 2020.