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N.Y. to Ease Coin Listings for Licensed Virtual Currency Firms (1)

Dec. 11, 2019, 2:02 PMUpdated: Dec. 11, 2019, 7:13 PM

Licensed virtual currency companies in New York could get new coins to market faster under proposed changes to the state’s oversight regime.

Proposed guidance released Dec. 11 by the New York Department of Financial Services would allow virtual currency companies that already have the state’s BitLicense or virtual currency trust license to create their own policies for listing new coins for sale and trading. Once the state approves a firm’s procedures, it can self-certify the listing of any new virtual coins, according to the proposed guidance.

The DFS is also proposing to post a list of existing virtual currencies that ...