The New York Department of Financial Services will release modifications to its token listing policy standards

ChainCatcher news, FOX Business reporter Eleanor Terrett stated on her social platform that the New York Department of Financial Services (NYDFS) will announce modifications to its token cap policy standards today.

Cryptocurrency companies operating in New York will no longer be allowed to self-certify the adoption/listing of new tokens. The purpose of eliminating the self-certification process is to ensure that all BitLicense and Limited Purpose Trust Companies (LPTC) adhere to the same DFS-approved listing standards, providing more clarity for an industry plagued by scams.