Problems in the regulatory sphere regarding crypto assets Dogecoin and Ripple, which were recently removed from the so-called “green list” due to their failure to meet the criteria established in the cryptocurrency sector, according to the New York Financial Supervisory Authority.
Let’s see all the details below.
Crypto: Dogecoin, Ripple and the problems with New York regulation
As anticipated, recently, the New York Department of Financial Services unveiled a substantial update to its cryptocurrency oversight regime, which included new criteria for the listing of different crypto by digital companies authorized by the agency.
As part of this revamp, the DFS revoked approval for more than two dozen tokens previously included on its “green list,” including Ripple, Dogecoin, and Litecoin.
Currently, eight tokens remain on the list, including Bitcoin, Ether and the new digital currency PayPal.
At a time when Congress proves hesitant to regulate cryptocurrencies, the DFS
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