The NYDFS has Tightened its Crypto Listing Guidelines

NYDFS has Tightened its Regulations for Crypto Listing

The New York State Department of Financial Services (NYDFS) has tightened guidelines for cryptocurrency listing and delisting in the state. Companies must now submit their policies for NYDFS approval and follow higher standards for risk assessment to safeguard investors.

This covers all limited-purpose trust companies and digital currency businesses that are licensed under New York regulations, such as PayPal, Circle, Gemini, Fidelity, Robinhood, and Fidelity.