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New York releases new rules for crypto exchange listings
Cryptocurrency exchanges and entities regulated by New York state have to put a pause on certifying new coins and tokens as compliant until they submit updated policies to state regulators. Why it matters: New York State is the heart of finance in the U.S., and it leads the way for financial regulation, including cryptocurrency regulation. Driving the news: New guidance today told entities regulated by the New York Department of Financial Services that they can't self-certify any new cryptocurrencies for trading until they have submitted two new policies to the regulator: one for how they list coins and tokens and ... (full story)