NYDFS updates cryptocurrency listing and delisting guidelines, requiring stricter standards

ChainCatcher news, according to CoinDesk, New York State Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris stated in a statement that the department has strengthened its guidelines for the listing or delisting of cryptocurrencies to enhance protections for crypto investors across the state.

The updated guidelines will require crypto companies to submit their token listing and delisting policies for NYDFS approval. The statement noted that these companies' policies will be assessed based on stricter risk evaluation standards to ensure that delistings are conducted "in an orderly manner to protect consumers and minimize market disruption."