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<ul><li>NYDFS sends shockwaves through the cryptocurrency landscape with token removals, impacting XRP, DOGE, and LTC.</li><li>Within the cryptocurrency community, NYDFS&#39;s greenlist changes spark inquiries and speculation.</li><li>A paradigm shift in crypto regulations is underway, putting XRP, DOGE, and LTC in the crosshairs without NYDFS involvement.</li></ul>In a surprising move, the New York Department of Financial Services (NYDFS) has sent ripples through the cryptocurrency community by removing several tokens, including XRP, Dogecoin (DOGE), and Litecoin (LTC), from its highly <a href="https://www.dfs.ny.gov/industry_guidance/industry_letters/il20230918_guidance_vc_listing#:~:text&#61;The%20Department%20makes%20available%20on,or%20otherwise%20seeking%20prior%20approval." rel="noopener noreferrer nofollow">coveted</a> greenlist. This decision is part of an extensive update to the NYDFS&#39;s virtual currency oversight framework, introducing fresh criteria that digital firms licensed by the agency must adhere to when listing cryptocurrencies.This shake-up has drastically reduced the number of tokens on the greenlist, leaving only eight with regulatory approval.<a href="https://www.dfs.ny.gov/virtual_currency_businesses" rel="noopener noreferrer nofollow"> Notably, </a>cryptocurrencies like Bitcoin and Ethereum still retain their privileged positions, but the absence of USD Coin (USDC), the world&#39;s second-largest stablecoin issued by Circle, has raised eyebrows and ignited debates regarding the NYDFS&#39;s motives for omitting it.Read full article at <a href="https://cryptotale.org/cryptocurrency-turbulence-nydfs-drops-xrp-doge-and-ltc/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cryptocurrency Turbulence: NYDFS Drops XRP, DOGE, and LTC

CryptoTale

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