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Top New York Regulator Approves Eight Crypto Assets for Trading

August 09, 2020

The New York State Department of Financial Services (NYDFS) has given the green light for the trading of eight crypto assets in the state.

New York’s top financial regulator has published its “greenlist,” which covers a number of cryptocurrencies that license holders can list or custody. Crypto assets that are included for listing and trading are:

  • Bitcoin (BTC)

  • Binance USD (BUSD)

  • Bitcoin Cash (BCH)

  • Ethereum (ETH)

  • Gemini Dollar (GUSD)

  • Litecoin (LTC)

  • Pax Gold (PAXG)

  • Paxos Standard (PAX)

As for coins that are approved for custody, the financial watchdog includes:

  • Bitcoin

  • Binance USD

  • Bitcoin Cash

  • Ethereum Classic (ETC)

  • Ethereum

  • Gemini Dollar

  • Litecoin

  • Pax Gold

  • Paxos Standard

  • XRP

According to the NYDFS, license holders must inform the regulator before using any of the coins on the Greenlist for business purposes. In addition, the NYDFS says it has the authority to remove any of the coins on the list.

“DFS may, at any time and in its sole discretion, prohibit or otherwise limit a coin’s use before or after a VC Entity begins using a coin; require that any VC Entity delist, halt, or otherwise limit or curtail activity with respect to any coin; remove any coin from the Greenlist; refrain from placing any coin on the Greenlist; or discontinue the Greenlist process entirely.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.