NYDFS Coin Listing Framework for Virtual Currency
Business Activity - BitLicense and Trust Companies
(Incorporating DRAFT guidance issued on September 18, 2023)
Reference Documents
General Framework for Greenlisted Coins
Proposed Updates to Guidance Regarding Listing of Virtual Currencies
Coin listing was approved during initial licensing stage
(see Supervisory Agreement or Business Activity documents filed with NYDFS)
Coin listing not previously approved during the initial licensing stage
Proposed coin has been approved by NYDFS and is listed on the NYDFS greenlist
Proposed coin is not on the NYDFS greenlist
(self-certification)
Proceed with advance notification process if licensed entity has an NYDFS approved coin-listing policy
(including a delisting policy)
Proceed with self-certification process if licensed entity has an NYDFS pre-approved
coin-listing policy
(including delisting policy)
Missing pre-approved
coin-listing policy
(including delisting policy)
License holder can only list greenlisted coins or proceed with filing a material change to business under 23 NYCRR 200.10
Coin Listing Permitted
Coin Listing Permitted
Coin Listing Permitted
NYDFS Coin Listing Approach
Path 1
Path 2
Path 3