NYDFS Issues New Guidelines for Crypto Listings and Delistings to Protect Consumers
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NYDFS released new guidelines for cryptocurrency listings and delistings
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Companies must submit listing/delisting policies for NYDFS approval
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Policies will be measured against more stringent risk standards
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Delistings must occur in an orderly way to protect consumers
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Firms must give advance notice for token delistings
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Companies must be more transparent about removing crypto support
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Policies should be based on business model, operations, customers, etc.
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Rollout follows feedback period that began in September