The New York Department of Financial Services (NYDFS) has introduced new rules regarding the listing and delisting activities of cryptocurrency exchanges operating in the state.
In the news published by The Wall Street Journal on September 18, NYDFS announced that crypto money exchanges operating in New York listing And delist More about our activities transparent He stated that he wanted them to be.
According to the information provided, the regulator, in the guide published during the day, stated that companies are allowed to list or delist a cryptocurrency. their expectations regarding decision-making processes explained. According to NYDFS’s guidance, cryptocurrency listings will face tougher restrictions from the regulator if they specifically target individual investors. Also the guide in 2020 a reference to the original document published update It had the nature of
NYDFS will provide the prepared guide to the companies themselves. private listing And delisting policies about preparing helper He said he intended to be.
In the new guide, crypto companies to be listed policies regarding in three areas arrangements were requested. These three areas Management of the cryptocurrency listing process, risk assessments And monitoring procedures for cryptocurrencies It was defined as .
Companies in the guide to delist operations They were expected to determine and communicate the standards in advance. In addition, in the delist operations of cryptocurrency companies conduct impact analysis And reasons for the delist decision A detailed explanation was requested.
NYDFS Inspector Adrienne Harris, It was stated that guidance was needed to further strengthen the standards regarding cryptocurrency offerings and that the updates made in the guides aimed to close the identified deficiencies. Harris said this guide addresses the delisting operations of a cryptocurrency. first guide He stated that it was.
In a comment he made on the subject, Harris said in the past Trustworthy When a coin labeled as is decided to be delisted for various reasons after being listed, companies carry out this operation. trustworthy One way He said they wanted him to do it.
We want our organizations to find a way to delist cryptocurrencies in a way that protects consumers.
New cryptocurrencies that do not require approval have been added
On the other hand, with the new update, cryptocurrencies are included in the green list, where cryptocurrency companies do not need NYDFS approval to list. Bitcoin (BTC), Ethereum (ETH), PayPal USD (PYUSD) And Gemini Dollar (GUSD) added. Against this Ripple (XRP), Dogecoin (DOGE) And Litecoin (LTC) More than two dozen cryptocurrencies, including cryptocurrencies, were removed from the green list. Cryptocurrency companies NYDFS Number of assets it can list without needing approval to 8 output.
NYDFS is also responsible for cryptocurrency companies registered in the state. listing And do not delist He asked him to give suggestions regarding his policies. of the guide 20 October It was emphasized that it was open to public comment until the date.