New York Regulator Revamps 'Greenlist,' Drops Ripple, Dogecoin And Litecoin Among Other Coins
Portfolio Pulse from Benzinga Neuro
The New York Department of Financial Services (DFS) has updated its list of approved cryptocurrencies, removing Ripple (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). The revised list includes Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and PayPal Dollar. The changes are part of DFS's updated digital currency supervision plan.
September 20, 2023 | 1:53 pm
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NEGATIVE IMPACT
Dogecoin has been removed from the DFS's list of approved cryptocurrencies.
Dogecoin's removal from the DFS's approved list could negatively impact its price as it may limit its use and acceptance by DFS-licensed firms.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Litecoin has been removed from the DFS's list of approved cryptocurrencies.
Litecoin's removal from the DFS's approved list could negatively impact its price as it may limit its use and acceptance by DFS-licensed firms.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ripple has been removed from the DFS's list of approved cryptocurrencies.
Ripple's removal from the DFS's approved list could negatively impact its price as it may limit its use and acceptance by DFS-licensed firms.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Bitcoin remains on the DFS's list of approved cryptocurrencies.
Bitcoin's status as an approved cryptocurrency by the DFS has not changed, so the impact on its price is likely to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Ethereum remains on the DFS's list of approved cryptocurrencies.
Ethereum's status as an approved cryptocurrency by the DFS has not changed, so the impact on its price is likely to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50