What criteria does the NYDFS use to determine if a cryptocurrency should be greenlisted?

1 answers

• Hassan Khan KhalilJun 13, 2025 · 2 months ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of regulatory compliance. The NYDFS uses a range of criteria to determine if a cryptocurrency should be greenlisted. They evaluate the technology and security features of the cryptocurrency, as well as the team behind the project. The NYDFS also considers the compliance of the cryptocurrency with regulatory requirements, including anti-money laundering and know-your-customer rules. They assess the stability and market reputation of the cryptocurrency, and conduct a thorough review of its documentation. The NYDFS may consult with industry experts and other regulatory bodies during the evaluation process. Based on these criteria, the NYDFS decides whether a cryptocurrency should be greenlisted or not.
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