Crypto coin listings will face tougher restrictions from the New York Department of Financial Services , especially if they target retail clients, according to proposed updated guidelines issued by the regulator Monday.
Licensees would need to assess legal, reputational and market risks of any new coins, and they’d also have to set out how they would reverse the process by de-listing a token, according to the consultation, proposed by NYDFS Superintendent Adrienne Harris.
“Since joining DFS, I have made it a priority to ensure the Department’s regulatory and operational capabilities keep pace with industry developments to protect consumers and markets,” Harris said in a statement, citing a team
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