The New York Financial Services Department releases new standards for the listing and delisting of virtual currencies

Bitget2023/12/22 08:44

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The New York Department of Financial Services (NYDFS) has released new standards for the listing and delisting of virtual currencies. These new regulations apply to Bitlicenses and limited purpose trust companies, including considerations for the business models of virtual currency entities (VCE), expected risk assessments for VCEs, new advance notice requirements, and updated definitions.

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