On Sept. 18, the New York State Department of Financial Services issued proposed guidance for companies holding virtual currency business licenses and limited-purpose trust companies — collectively referred to as virtual currency entities, or VCEs — seeking to list virtual currencies on their platforms.
The proposed guidance updates the department's framework for self-certification of coins and establishes new policy requirements for coin listings and delistings.
Originally published by Law360 - November 2, 2023.
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