Log in/ Sign up

The New York Department of Financial Services issued an advisory opinion that cryptocurrencies may face stricter regulations when they go online.

18/09 22:21
Odaily Planet Daily News According to the proposed updated guidelines released by the New York Department of Financial Services (NYDFS) on Monday, cryptocurrency listings will face stricter restrictions, especially when targeting retail investors. According to the advisory opinions proposed by Adrienne Harris, head of NYDFS, licensees need to evaluate the legal, reputational and market risks of any new tokens. To avoid the above risks, licensees must also develop corresponding token delisting processes. In addition, the regulatory agency also listed a list of "green online tokens" in this updated guide, including BTC, ETH, and stablecoins issued by PayPal and Gemini. Licensees can list or host these currencies without encountering further regulatory hurdles. (CoinDesk)