New York Revamps Crypto Exchange Listing Rules

The New York Department of Financial Services (NYDFS) has recently revamped its crypto exchange regulations, putting an end to the self-certification process for new coins and tokens.

New York Revamps Crypto Exchange Listing Rules For Consumer Safety_65b97bdde922a.webp

The New York Department of Financial Services (NYDFS) has recently overhauled its regulations for crypto exchanges, discontinuing the practice of self-certification for new coins and tokens. This change affects entities such as Circle and Gemini, requiring them to pause new coin certifications until they align with the updated NYDFS standards.

With New York serving as a financial hub in the United States, these regulatory changes are anticipated to influence national trends in financial regulation, particularly in the crypto space. The new guidelines mandate regulated entities to submit two policies for approval—one outlining the coin and token listing process and the other detailing the delisting process.

new york revamps crypto exchange listing rules for consumer safety 65b97bddeb79c

The detailed and specific guidelines necessitate exchanges and service providers to evaluate factors like token technology, use cases, and safety. Oversight roles for governing authorities, typically boards of directors, must be clearly defined, and these bodies are required to approve and periodically review these policies.

The NYDFS has established stringent criteria for coin listings, restricting stablecoins to those listed on the state’s greenlist, which currently comprises eight coins, six of them stablecoins. Tokens associated with other exchanges or bridged from their native chain are explicitly disallowed, as are tokens with a circulating supply of less than 35% of the total supply.

new york revamps crypto exchange listing rules for consumer safety 65b97bddf1e1c

The guidelines also cover the delisting process, requiring exchanges to provide adequate notice to customers before suspending trading and informing the firm’s governing body. The NYDFS retains the authority to order the delisting of an asset, emphasizing the need for firms to be prepared for such occurrences.

Related: How India’s Controversial Crypto Tax Policy Has Failed

NYDFS Superintendent Adrienne Harris emphasized the importance of adapting to evolving risks and protecting consumers. The updates aim to enhance transparency in cryptocurrency trading, ultimately safeguarding newcomers from potential scam tokens. Overall, these regulatory changes underscore the NYDFS’s commitment to consumer safety and the stability of the financial environment.

(100 votes)

5.0/5

(100 votes)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338