New York State Department of Financial Services (NYDFS) Enhances Oversight on Cryptocurrency Listings

In a move aimed at bolstering investor protection, the New York State Department of Financial Services (NYDFS) has intensified its regulatory guidelines for firms involved in listing and delisting cryptocurrencies within the state.

The NYDFS announced on November 15 the implementation of more stringent measures, requiring cryptocurrency companies to submit their policies for listing and delisting coins for approval by the regulatory authority. This development underscores the state’s commitment to fostering a secure and transparent environment for crypto investors operating within its jurisdiction.