---------- Forwarded message ---------
   From: Gunnar Larson <[1]g@xny.io>
   Date: Fri, Dec 3, 2021, 12:22 PM
   Subject: Re: xNY.io | Coin Greenlist (Waiting Period)
   To: Weber, Richard (DFS) <[2]Richard.weber@dfs.ny.gov>
   Cc: Alexi Anania <[3]a@xny.io>, <[4]gene.jacobson@dfs.ny.gov>,
   Weintraub, Cathy (DFS) <[5]Cathy.Weintraub@dfs.ny.gov>, Goberdhan,
   Harry (DFS) <[6]Harry.Goberdhan@dfs.ny.gov>, Choy, Man-Ying (DFS)
   <[7]Man-Ying.Choy@dfs.ny.gov>
   Mr. Weber:
   Hope you are enjoying Happy Holidays.
   Kindly circling back with you on the note below.
   Does your office have any opinions andor feedback on xNY seeking
   one-off Greenlist approval?
   Sending you the very best regards.
   Thank you,
   Gunnar
   --
   Gunnar Larson - [8]xNY.io | [9]Bank.org
   [10]MSc - Digital Currency
   [11]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001
   On Mon, Nov 22, 2021 at 5:45 PM Gunnar Larson <[12]g@xny.io> wrote:

   Mr. Weber:
   Thank you for fielding recent correspondence to your office.
   Over the last year, xNY.io has been reviewing NY-DFS' [13]proposed
   model framework for the creation by a VC Entity of a coin-listing.
   xNY.io understands that we may seek to earn "[14]one off approval" for
   specific usages, such as issuing a NY-DFS Greenlisted "xNY" coin
   privately.  Furthermore, we seek guidance on issuing NY-DFS (aka State
   of New York) a [15]SAFT equation to 30% of xNY's maximum supply.
    1. DFS may, in its discretion, add to the Greenlist coins that have
       been specifically reviewed and approved by DFS for creation and
       issuance by a VC Entity privately and in a centralized manner.
    2. After Step 1 is complete, DFS will announce this on its website.
       DFS will also note that there will be a six-month waiting period
       (the “Greenlist Waiting Period”) from the date of such announcement
       until such time that other VC Entities that have not previously
       received approval can use the coin (subject to all regulatory,
       internal approval, and safety and soundness requirements).
    3. If, during the Greenlist Waiting Period, a VC Entity delists or
       stops using the coin under consideration for such Greenlisting, DFS
       may decide whether or not to continue with the Greenlist Waiting
       Period based on any information it considers relevant.

   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.
   Mr. Weber, we see xNY Greenlising (and waiting period) along with SAFT
   proposal a prime approach to our previous "supervisory letter" memos to
   NY-DFS. We feel this approach protects xNY.io's legacy interest given
   the current and/or future virtual currency environment in New York
   State.
   Please let us know what your office thinks of this innovation concept
   generally and if we may work with the VC team on a formal proposal
   submission.
   Sending you the very best regards.
   Thank you,
   Gunnar
   --
   Gunnar Larson - [16]xNY.io | [17]Bank.org
   [18]MSc - Digital Currency
   [19]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001

References

   1. mailto:g@xny.io
   2. mailto:Richard.weber@dfs.ny.gov
   3. mailto:a@xny.io
   4. mailto:gene.jacobson@dfs.ny.gov
   5. mailto:Cathy.Weintraub@dfs.ny.gov
   6. mailto:Harry.Goberdhan@dfs.ny.gov
   7. mailto:Man-Ying.Choy@dfs.ny.gov
   8. http://www.xny.io/
   9. http://bank.org/
  10. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
  11. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/
  12. mailto:g@xny.io
  13. https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/gn/adoption_listing_vc
  14. https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/coin_listing_process
  15. https://www.investopedia.com/terms/s/simple-agreement-future-tokens-saft.asp
  16. http://www.xNY.io/
  17. http://Bank.org/
  18. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
  19. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/