The New York Department of Financial Services (DFS) has revised its “greenlist” of approved digital assets, dropping Ripple, Dogecoin, Litecoin, and other coins. The greenlist simplifies the approval process for custodianship and token listing by DFS-licensed firms. However, this move has faced criticism from the crypto sector, which has previously criticized the DFS for its slow licensing process. The DFS’s BitLicense program and virtual currency unit have been praised for their balanced approach to cryptocurrency regulation.
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