The New York Department of Financial Services (NYDFS) has issued updated regulations for the listing and delisting of virtual currencies. These regulations build upon previous rules and include clearer definitions of certain terms. Companies that previously had an approved cryptocurrency listing policy must now have both listing and delisting policies approved by the regulator before they can self-certify any listings. Companies with an approved listing policy must notify NYDFS in writing of any self-certified listings and maintain records. Companies without an approved listing policy can list cryptocurrencies that are included on the NYDFS greenlist, which includes Bitcoin, Ethereum, and six stablecoins. All companies must have a coin delisting policy, even if they do not have a listing policy. The regulations apply to the 33 entities currently regulated under New York’s BitLicense or Limited Purpose Trust Charter, including major companies such as Bakkt, Coinbase, and PayPal. The deadline for creating delisting policies is January 31, 2024. These regulations highlight New York’s strict approach to compliance in the cryptocurrency industry.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Coinbase, BitGo, Gemini, Bakkt, Genesis
Currencies	US Dollar, Ethereum, Bitcoin
Securities	None