New York financial regulator this week published a list of approved cryptocurrencies and from now can be used by all interested entities.
The Department of Financial Services has published a list that is divided into two categories, Coins Approved for Custody and Coins Approved for Listing.
Any entity licensed by DFS can now use these coins for its own purposes
DFS NY also emphasizes that it may at any time and in its sole discretion prohibit or otherwise restrict the use of such coins.
The Department of Financial Services supervises and regulates the activities of approximately 1,500 banking and other financial institutions with assets totaling more than $2.6 trillion and more than 1,400 insurance companies with assets of more than $4.7 trillion.
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