The New York State Department of Financial Services (NYDFS) has approved 8 crypto assets for trading in the state. Updated on the 3rd of August, the Greenlist“DFS may, at any time and in its sole discretion, prohibit or otherwise limit a coin’s use before or after a VC Entity begins using a coin; require that any VC Entity delist, halt, or otherwise limit or curtail with respect to any coin; remove and coin from the Greenlist; refrain from placing any coin on the Greenlist, or discontinue the Greenlist process entirely.”
Introduced in 2011, NYDFS was created to take over authorities of the New York State Banking Department and New York State Insurance Department. The main purpose of the agency is to oversee financial products and services in the state.
In November 2019, the NYFDS approved Bitcoin custody for Fidelity Digital Asset Services.
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