<ul class="news-points"> 
 <li><strong>The New York Department of Financial Services (NYDFS) has removed XRP from its greenlist.</strong></li> 
 <li><strong>WrathofKhaneman believes the removal would lead to an extra regulatory burden for XRP.</strong></li> 
 <li><strong>The NYDFS greenlist accommodates coins VC entities can hold without seeking further approval.</strong></li> 
</ul> 
<p>The New York Department of Financial Services (NYDFS) has removed XRP from its greenlist, and crypto analyst ‘WrathofKhaneman’ on X (formerly Twitter) believes it would lead to an extra regulatory burden for the crypto token. WrathofKhaneman explained what the NYDFS greenlist is all about and the possible implications of the XRP removal for the crypto token and its users.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">7. TL;DR. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> removal from the NYDFS greenlist adds extra regulatory burden to co's wanting to use it, and it's bad press ostensibly suggesting it's "risky". Only these high performance tokens on the list can be automatically trusted: <a href="https://t.co/DQNbNA4EoL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DQNbNA4EoL</a></p>— WrathofKahneman 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@WKahneman) <a href="https://twitter.com/WKahneman/status/1704213952153145856?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 19, 2023</a> 
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<p>Notably, the <a href="https://coinedition.com/crypto-regulator-peter-motor-resigns-nydfs-searches-for-the-next-chief/" rel="noopener noreferrer nofollow">NYDFS</a> lists coins that Venture Capital entities can hold without seeking further approval available on its website. The coins that fall into that category are on the agency’s greenlist. Hence, …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-faces-extra-regulatory-burden-amid-nydfs-greenlist-removal/">XRP Faces Extra Regulatory Burden Amid NYDFS Greenlist Removal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

XRP Faces Extra Regulatory Burden Amid NYDFS Greenlist Removal

Coin Edition

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