Crypto firms in NY must meet with the NYDFS before Dec 2023 to review their coin listing and delisting policies draft
On November 15, the New York State Department of Financial Services (NYDFS) released stringent guidelines for crypto listing and delisting. These guidelines mandate crypto firms to seek NYDFS approval for their coin listing and delisting policies.
Under the new guidelines, entities regulated by the NYDFS are prohibited from self-certifying any new cryptos for trading unless they have submitted a compliant coin-listing and delisting policy and received written approval from the NYDFS.