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Cryptocurrencies removed from the New York Financial Services Bureau - turboplaycrypto

Cryptocurrencies removed from the New York Financial Services Bureau

The list of cryptocurrencies removed from the New York Financial Services Department, three cryptocurrencies Litecoin, Dogecoin and Ripple were removed in the latest updates of the list of cryptocurrencies of this department.

The Financial Services Corporation of New York displays a list of green tokens for dfs licensed companies. This list, which previously included 25 currencies, now includes 8 cryptocurrencies, including Bitcoin and Ethereum. The spokesperson of this department explained this. The changes in the new framework for digital currencies are consistent. The department intends to clarify the protocol for adding and removing currencies for regulated companies.

The proactive approach of Adrienne E. Harris, the head of the New York Department of Financial Services, has recently emphasized the tightening of digital currency oversight. This commitment was highlighted by a significant $100 million settlement with Coinbase in January 2023, addressing deficiencies in Coinbase’s infrastructure with the department’s rules.

Cryptocurrencies removed from the New York Financial Services Bureau
Cryptocurrencies removed from the New York Financial Services Bureau

Cryptocurrencies removed from the New York Financial Services Authority include XRP, DOGE, LTC, respectively, which the spokesman of this office mentioned in his statements about the removed digital currencies and criticizes newly established businesses in this field should have the least risk for consumers. Have.

With the announcement of this news, Elon Musk and Ripple’s popular cryptocurrency has attracted the attention of crypto community activists with its legal disputes with the US Securities and Exchange Commission, and on the other hand, Litecoin, which fell after its halving event.

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