Industry Letter - November 15, 2023: Guidance Regarding Listing of Virtual Currencies | TO: All Virtual Currency Business Entities Licensed under 23 NYCRR Part 200 or Chartered as Limited Purpose Trust Companies under the New York Banking Law

Gunnar Larson g at xny.io
Fri Nov 17 03:37:43 PST 2023


Finally, FTX and STX have been clarified. If there was ever conflicts, now
there is guidance to try and avoid conflicts.

No word of NYCCoin, but at least there is new regulatory guidelines from
the world’s preeminent crypto regulator famous for ethics and women's
rights.

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https://www.dfs.ny.gov/industry_guidance/industry_letters/il20231115_listing_virtual_currencies


Introduction

In 2015, the New York State Department of Financial Services (the
“Department” or “DFS”) issued its virtual currency regulation, 23 NYCRR
Part 200, under the New York Financial Services Law. Since 2015, DFS has
served as the prudential regulator overseeing virtual currency business
activity in New York, granting both virtual currency licenses under Part
200 (“BitLicenses”) and limited purpose trust company charters, to ensure
that New Yorkers have a well-regulated way to access the virtual currency
marketplace and that New York remains at the center of technological
innovation and forward-looking regulation.
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