NYDFS Issues Guidance on Crypto Listing, Delisting

The New York State Department of Financial Services has released guidance on the listing and delisting of cryptocurrencies on exchanges, requiring crypto firms to get their coin-listing policy approved by the regulator before listing a coin. The guidance also includes requirements for robust procedures, risk assessment, and monitoring of coins. Crypto firms without approved coin-listing policies may only list tokens included in the regulator's "greenlist" unless otherwise approved.