Establishment of regulatory guidelines for exchange coin listing… “Seeking public opinion”
The New York Department of Financial Services (NYDFS) announced on the 19th through a notice on its official website that it is seeking public feedback on the guidelines for regulating coin listing and delisting procedures for exchanges in New York State.
NYDFS announced that under the leadership of NYDFS General Manager Adrian Harris, it has classified the essential requirements for coins to be listed on the exchange. Director Harris stated that the purpose of the newly established regulatory guidelines was established to address the requirements for listing coins on exchanges, as well as prevent illegal fundraising through cryptocurrency and alleviate market liquidity issues.
Director Harris explained, “This is a regulatory guideline that was established after hiring more than 60 experts over the past two years to keep up with the pace of industry development and having sufficient discussions with relevant policymakers around the world.”
Currently, ▲Bitcoin (BTC) ▲Ethereum (ETH) ▲Gemini Dollar (GUSD) ▲PayPal USD (PYUSD) are listed on the 'Green List' that meets the exchange listing requirements through NYDFS regulatory guidelines.
Since last year, New York State has introduced the New York cryptocurrency business license 'BitcLicense', which complies with New York banking law, and has been allowing cryptocurrency business only to companies issued it. Afterwards, it made a somewhat unconventional decision through New York State's own regulatory guidelines, creating a big topic in the market. In particular, this year, New York State classified Ethereum as a security and indicted KuCoin Exchange on charges of selling unregistered securities.
Reporter Seungwon Kwon ksw@
