On August 3, New York's Department of Financial Services published a "greenlist" of cryptocurrency coins. The list separately approves 8 coins for both custody and listing and approves an additional 2 coins for custody, but not listing. As Jeff Alberts, co-head of the FinTech Group, discusses in this video, there has been some confusion about the legal implications of this greenlist, which are limited relative to the substantial practical benefits. To learn more about the benefits and challenges of obtaining a bank charter, check out this video.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
