The New York Department of Financial Services (NYDFS) has issued new guidance on crypto regulations in an effort to protect consumers and increase transparency in the crypto industry. The proposed measures require licensed entities to notify the authority when listing or delisting a crypto coin and submit their policies on how they handle these actions. Crypto entities are also prohibited from self-certifying a crypto asset for trading without regulatory approval. Additionally, the NYDFS mandates that crypto platforms keep accessible informational records to aid in risk assessment and consumer protection. Existing crypto entities in New York must submit their listing and delisting policies to the NYDFS by January 1, 2024. The new regulations do not allow the listing of exchange-native tokens and require written approval for listing stablecoins not included in the state’s greenlist. The NYDFS aims to create a well-regulated crypto market that prioritizes user protection and technological innovation.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	Adrienne A. Harris
Companies	FTX, Department of Financial Services, DFS, NYDFS, Binance, New York Department of Financial Services
Currencies	None
Securities	None