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NYDFS Releases Guidance on Listing and Delisting of Crypto Assets

The New York State Department of Financial Services (NYDFS) has published a set of new rules guiding the listing and delisting of digital assets to ensure the activities of crypto firms protect investors from financial harm. According to an official post from the department, the new guidance is effective immediately and will replace older standards issued in 2020. All virtual asset firms are expected to incorporate the latest standards into their coin listing and delisting policies by December 8. Per the new rules, crypto firms with previously approved coin listing and delisting policies can no longer self-certify coins until they incorporate the new guidance.

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