USA Crypto evolution: The NYDFS published trade and custody Greenlist
The results of the current presidential elections will bring crypto adaptation in the USA closer than ever. It is known that Joe Biden is not against Bitcoin and cryptocurrencies and the election of pro-bitcoin senators will improve the trust in cypto. New mesures will be adopted and will extend the letter from the United States Office of the Comptroller of the Currency (OCC) clarifying that national banks can take custody of cryptocurrency. The public letter dated 22nd of July 2020, in Washington, clarifies that any national bank can hold unique cryptographic keys and digital assets for their clients.
As a follow up of the clarification, the New York State Department of Financial Services (NYDFS) has published a list of approved cryptocurrencies which can be traded in the state of New York. The Financial Services gave their approval for cryptocurrencies that can be listed for trade and custody. The license holders must inform the regulator before using any of the coins
According to the list, the following coins are included for listing and trading are: Bitcoin (BTC), Binance USD (BUSD), Bitcoin Cash (BCH), Ethereum (ETH), Gemini Dollar (GUSD), Litecoin (LTC), Pax Gold (PAXG) and Paxos Standard (PAX). Bitcoin (BTC), Binance USD (BUSD), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ethereum (ETH), Gemini Dollar (GUSD), Litecoin, Pax Gold (PAXG), Paxos Standard (PAX) and Ripple (XRP) are the coins that the NYDFS approved for custody. Surprisingly or not, USD Theter is not on the list, even is many stable coins made it in the Greenlist. Any of the above assets can be removed from the list or discontinue the whole list. DFS may, at any time and in its sole discretion, prohibit or otherwise limit a coin’s use before or after a VC Entity begins using a coin, remove any coin from the Greenlist, or discontinue the Greenlist process entirely. - New York State Department of Financial Services **Links and referrals:** PipeFlare referral competition https://blog.pipeflare.io/november-referral-competition-650-in-prizes/ Coinbase Earn - Up to $59 Compound (COMP) https://coinbase.com/earn/comp/invite/g7hf830w Coinbase Earn - Up to $52 worth of Orchid (OXT) https://coinbase.com/earn/oxt/invite/jdfg5tkc Coinbase Earn - Up to $50 worth of EOS https://coinbase.com/earn/eos/invite/d1ztp30q **Amazon author page:** PV Mihalache https://www.amazon.co.uk/-/e/B019FB0ZNG **Quality Faucets:** Stakecube (20 daily faucets) https://stakecube.net/?team=sadu1 Tier 4 referral system: Horizen (ZEN) & ZCash from PipeFlare & GlobalHive https://getzen.cash/auth/register?ref=252508 https://pipeflare.io/r/zxn https://globalhive.io/auth/register?ref=1917 **FreeCryptos Gang**: DASH, TRX, ETH, ADA, BNB, LINK, NEO & BTC https://freedash.io/?ref=3945 https://free-tron.com/?ref=24942 https://freeethereum.com/?ref=39797 https://freecardano.com/?ref=228676 https://freebinancecoin.com/?ref=32397 https://freechain.link/?ref=1187 https://freeneo.io/?ref=1474 https://freebitcoin.io/?ref=319383 **Coinpot Gang:** DASH, BCH, DOGE, LTC, BTC & BTC2 http://moondash.co.in/?ref=D6EA38BF9E32 http://moonbitcoin.cash/?ref=E09F6730A19D http://moondoge.co.in/?ref=E09C54FEC554 http://moonliteco.in/?ref=49E875DC0626 http://moonbit.co.in/?ref=BE0EDE0CD1DC https://freebitco.in/?r=7275997 Free-Litecoin.com (LITECOIN) https://free-litecoin.com/login?referer=895809 **Join** **Lbry.tv** **to earn watching videos &** **Publish0x** **to earn while you read** https://lbry.tv/$/invite/@MindPuzzles:9 https://www.publish0x.com/?a=pmbk1p5ezJ **I use** **Brave** **and** **Presearch** **to earn BAT and PRE while surfing online?** https://brave.com/pvm417 https://presearch.org/signup?rid=1695040
5 comments
Interesting. It surprises me to learn that Trump was/is anti Crypto. I would have guessed he would be in favor of it.
He is a "cash" type of man
Ah ok, I see. 👍
He'll change his mind about this tomorrow...and then revert back to his original position the day after that so long is it fits his weekly plans.
good article bro,,