The New York State Department of Financial Services released a green list of cryptocurrencies, allowing licensed companies to provide related token custody or transaction services

The New York State Department of Financial Services (NYDFS) has issued a “green list” of cryptocurrencies. The tokens on this list have been pre-approved by regulatory agencies, allowing entities holding licenses to provide custody or Transaction services. In the green list, the cryptocurrencies approved for custody include BUSD, BTC, BCH, ETC, ETH, GUSD, LTC, PAXG, PAX and XRP, and the cryptocurrencies approved for listing include BUSD, BTC, BCH, ETH, GUSD, LTC , PAXG and PAX. NYDFS stated, “Any entity with a license can use the tokens on the list for its approved purposes. However, if an entity decides to provide services for the tokens on the list, it must notify us before the service starts. “