In a notable development, the New York Department of Financial Services (NYDFS) has undertaken a substantial revision of its virtual currency framework, resulting in XRP, Dogecoin, Litecoin, among others being removed from the state’s “greenlist”. Late Monday’s announcement signified a pivotal alteration to the list that enumerates approved tokens for DFS-licensed firms.
Prior, this greenlist boasted 25 tokens, including heavyweight names such as Bitcoin, Ethereum, Dogecoin, Litecoin, XRP, and the emergent PayPal Dollar. However, post yesterday’s overhaul, the roster has been notably truncated, spotlighting only eight tokens. Remarkably Bitcoin (BTC) and Ethereum (ETH) are the only non-pegged coins, besides Gemini Dollar (GUSD), GMO JPY (GYEN), GMO USD (ZUSD), Pax Gold (PAXG), Pax Dollar (USDP), and PayPal Dollar (PYUSD).
Why It Means For XRP, Dogecoin And Litecoin
A DFS spokesperson elucidated the changes by stating,…
