NY Regulator DFS Removes Ripple, Dogecoin from Approved Crypto List, Tightens Oversight Amid Bear Market

DFS removed over two dozen tokens from its “greenlist” of approved tokens, including Ripple, Dogecoin, and Litecoin.
DFS created the token greenlist to streamline approval for licensed crypto firms to custody and list tokens.
DFS updated the greenlist under new guidance, removing all but 8 tokens like Bitcoin and Ether.
DFS said it will heighten risk standards for coin listings and require delisting policies.
The changes reflect DFS' strict oversight amid the crypto bear market, fining firms like Coinbase.

fortune.com

Relevant topic timeline:

9/18/2023

NYDFS Seeks Public Input on Proposed Crypto Regulatory Framework and Greenlist Designation

The New York State Department of Financial Services (NYDFS) has proposed stricter regulations for crypto firms, including enhanced criteria for coin-listing procedures and a framework for designating tokens to the regulator's greenlist.

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Crypto Prices Stable as Adoption Grows, But Regulations and Privacy Concerns Remain

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