Crypto Currently: New York Department of Financial Services Issues Updated Expectations on the Adoption or Listing of Virtual Currencies

Download IconDownload Print IconPrint

Crypto Currently: New York Department of Financial Services Issues Updated Expectations on the Adoption or Listing of Virtual Currencies

Client Alert

Related Documents

Related Solutions

Counseling clients on challenging banking and financial services issues and complex consumer financial services rules and regulations.
WilmerHale’s broker-dealer team draws on its intricate knowledge of the regulatory landscape to advise the world’s leading financial market participants.

On September 18, the New York State Department of Financial Services (the DFS or the “Department”) issued proposed guidance for BitLicensees and limited-purpose trust companies (collectively, 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 (Proposed Guidance). Concurrently, the Department updated its list of coins that VCEs can list without the DFS’s prior approval (the Greenlist) and revised the process for coins to be added to the Greenlist (the General Framework for Greenlisted Coins).

Read the full alert.

Authors

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel