New York Regulator Fast-Tracks 10 Cryptocurrencies

New York Regulator Fast-Tracks 10 Cryptocurrencies
фото показано с : news.bitcoin.com

2020-8-9 22:30

The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission.

NY Regulator’s Cryptocurrency Greenlist

The New York State Department of financial services (DFS), the Bitlicense regulator, has published a Greenlist comprising 10 cryptocurrencies for custody and eight cryptocurrencies for listing. “Any licensed entity may use coins on the Greenlist for their approved purpose(s),” the regulator explained.

The 10 cryptocurrencies are binance USD (BUSD), bitcoin (BTC), bitcoin cash (BCH), ethereum classic (ETC), ethereum (ETH), gemini dollar (GUSD), litecoin (LTC), pax gold (PAXG), paxos standard (PAX), and ripple (XRP). The same cryptocurrencies are pre-approved for listing, except for ETC and XRP. “If a licensed entity decides to use a coin on the Greenlist, it must inform DFS prior to beginning its use,” the regulator noted.

The DFS’ current Greenlist of approved cryptocurrencies for custody and listing.

The Greenlist follows guidance proposed by the DFS in December last year, which includes proposals for coin adoption or listing options that the regulator wanted to make available to crypto entities.

The DFS will maintain an updated list of all cryptocurrencies permitted for crypto companies’ business activities without its prior approval, “as long as such listed coins had not been subject to any material modification, division, or change after their listing on the DFS webpage (the ‘Greenlist’),” the regulator emphasized.

Crypto companies can create a “coin-listing or adoption policy” tailored to their specific business model and risk profile. If approved by the DFS, the company would be able to “self-certify the listing or adoption of new coins in addition to those on the Greenlist, without any further approval from DFS.” The guidance regarding the adoption or listing of cryptocurrencies can be found here.

Meanwhile, the U.S. Senate has confirmed Hester Peirce, the crypto-friendly commissioner often known as Crypto Mom, for another term at the Securities and Exchange Commission (SEC). Peirce has been pushing for the approval of bitcoin exchange-traded funds (ETFs). In February, she announced her “Token Safe Harbor Proposal,” which she described as “a proposal to fill the gap between regulation and decentralization.”

What do you think about the DFS’ crypto Greenlist? Let us know in the comments section below.

The post New York Regulator Fast-Tracks 10 Cryptocurrencies appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0023988 (-100%)

new cryptocurrencies york known commissioner hester peirce

Источник: news.bitcoin.com

new cryptocurrencies → Результатов: 126


Фото:

An Introductory Guide to Staking Cryptocurrencies

Similar to traditional financial ecosystem where strict guidelines govern the way new fiat currencies are minted by central banks, the decentralized world of blockchain-based cryptocurrencies have several consensus algorithms (proof-of-work (PoW), proof-of-stake (PoS), delegated-proof-of-stake (DPoS), and others which leverage different principles to mint new coins, secure a distributed ledger and partake in governance.

2019-4-8 17:00


Фото:

Dutch AFM on Licensing Requirements for Institutions Invested in Crypto

The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses “serious doubts” as to “whether managers of investment institutions in cryptos […] The post Dutch AFM on Licensing Requirements for Institutions Invested in Crypto appeared first on Bitcoin News.

2018-6-17 03:20


BIS GM says new cryptos are garbage

They are also actively testing the distributed ledger technology underlying cryptocurrencies – not as a substitute for the current system, but to build on it.” The BIS general manager concludes that “Even in this digital age, trust in the issuing institution matters and will continue to underpin currencies. Central banks, for their part, will have

2018-6-17 00:21


Фото:

ItBit Trade Includes 4 Modern Cryptos for Investors

Cryptocurrency exchange itBit says it has received approval from the New York State Department of Financial Services (NYDFS) to add four major cryptocurrencies to its trading and custody services. In addition to bitcoin, itBit will now offer custody, escrow and over-the-counter (OTC) trading services for bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and stellar lumens

2018-6-14 19:02


New Cryptocurrency Radio station to launch on Boston’s FM 104.9

Over the past six months, cryptocurrencies have found its presence on billboards, newspapers, radio broadcasts and television shows; ultimately allowing its entry into the ordinary world. Now, this July residents from the New England region can enjoy a weekly radio broadcast called Cryptomania which aspires to educate people about the advantages of cryptocurrencies. The program […]

2018-6-14 16:08


Фото:

EU’s European Blockchain Observatory and Forum to Host Blockchain AMA

The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p. m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live.

2018-6-13 20:42


Фото:

Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


Фото:

A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the […] The post A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9 appeared first on Bitcoin News.

2018-6-13 01:50


Фото:

Cryptocurrency Regulation In Israel Is Really Hotting Up

A new report by The Times of Israel is indicating some of the latest moves made by Israeli authorities to move closer towards cryptocurrency regulation. According to the report, many major companies within Israel are wanting to invest in and start working with cryptocurrencies and therefore the authorities are seeing a new urgency to establish regulations to ensure the cryptocurrency industry can flourish.

2018-6-11 13:45

дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru