Delists
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$XMR $ANT $MULTI
câŒïžDon't trade this 4 crypto
Don't trade this 4 crypto again and If you have this 4 crypto, you should sell them or withdraw to other exchanges.
đthe Following Cryptocurrencies đ°on February 20th (Major Altcoin Affected)Binance announced that it will be delisting a number of cryptocurrencies later this month.đźđźđź
The exchange did not specify the real reason but suggested some causes to why .đ€·According to the announcement Binance will be delisting four different cryptocurrencies on February 20th. âââ
These are:-Aragon (ANT)-Multichain (MULTI)-Vai (VAI)-Monero (XMR)
The prices took a beating following the announcement. đŁ MONERO(XMR) for example,
is down a considerable 17% as its valuation fell off a cliff once the exchange made the revelation.
XMR is one of the oldest and most popular altcoins in the industry,
and the decision to delist it might come as a surprise to some. đââïžđââïžđââïž
However, itâs worth noting that its main use case is pointed at anonymity, which is something that major platforms have been starting to stray away from as governments around the world start to develop rigorous KYC and AML policies aimed at crypto trading.
âïžâïžâïžRecall that Binance was recently involved in a massive lawsuit against the United States Securities and Exchange Commission.
The exchange agreed to pay a massive settlement upward of $4 billion and has since started to alter its policies and approachIts new CEO even said that they plan to turn Binance into a company thatâs aligned with traditional financial regulations.
That said, the reason for the delisting of Monero and the rest of the coins wasnât explicitly outlined. The announcement gives a few possible factors that the exchange considers but doesnât point to anything specifically
#Write2Earn #TrendingTopic #sol #BTC #Delists
câŒïžDon't trade this 4 crypto
Don't trade this 4 crypto again and If you have this 4 crypto, you should sell them or withdraw to other exchanges.
đthe Following Cryptocurrencies đ°on February 20th (Major Altcoin Affected)Binance announced that it will be delisting a number of cryptocurrencies later this month.đźđźđź
The exchange did not specify the real reason but suggested some causes to why .đ€·According to the announcement Binance will be delisting four different cryptocurrencies on February 20th. âââ
These are:-Aragon (ANT)-Multichain (MULTI)-Vai (VAI)-Monero (XMR)
The prices took a beating following the announcement. đŁ MONERO(XMR) for example,
is down a considerable 17% as its valuation fell off a cliff once the exchange made the revelation.
XMR is one of the oldest and most popular altcoins in the industry,
and the decision to delist it might come as a surprise to some. đââïžđââïžđââïž
However, itâs worth noting that its main use case is pointed at anonymity, which is something that major platforms have been starting to stray away from as governments around the world start to develop rigorous KYC and AML policies aimed at crypto trading.
âïžâïžâïžRecall that Binance was recently involved in a massive lawsuit against the United States Securities and Exchange Commission.
The exchange agreed to pay a massive settlement upward of $4 billion and has since started to alter its policies and approachIts new CEO even said that they plan to turn Binance into a company thatâs aligned with traditional financial regulations.
That said, the reason for the delisting of Monero and the rest of the coins wasnât explicitly outlined. The announcement gives a few possible factors that the exchange considers but doesnât point to anything specifically
#Write2Earn #TrendingTopic #sol #BTC #Delists
REXBOX â NYDFS Delists XRP and DOGE from âGreenlistâ: What to Know
On Monday, September 18, the New York Department of Financial Services (NYDFS) proposed substantial changes to its virtual currency oversight regime. These changes have a direct impact on what cryptocurrencies licensed firms in New York can offer to their customers.
Among the notable changes, the NYDFS has delisted Ripple (XRP) and Dogecoin (DOGE) from its exclusive âgreenlistâ of approved cryptocurrencies. This means that virtual currency (VC) firms in New York are no longer permitted to list or trade XRP, DOGE, LTC, or other coins removed from the list.
Only eight cryptocurrencies, including Bitcoin, Ethereum, Gemini Dollar, GMO JPY, GMO USD, Pax Dollar, and the just-launched Paypal Dollar (PYUSD), are now supported by the regulatorâs greenlist.
Understanding the NYDFS Greenlist Criteria
The NYDFS greenlist is a compilation of cryptocurrencies that meet the regulatory standards set by the agency. To secure a spot on this list, a cryptocurrency must satisfy specific criteria. These criteria include demonstrating a sufficient level of decentralization, maintaining a robust security track record, and possessing a clear and legitimate use case, among others.
However, the NYDFS has not only delisted certain cryptocurrencies but has also introduced new rules for crypto listings. The agency now expects greater transparency from crypto firms in how they evaluate and list cryptocurrencies.
While the NYDFS has not disclosed a specific reason for removing XRP and DOGE from the greenlist, it is worth noting that the agency has expressed concerns regarding the regulatory status of both cryptocurrencies in the past.
Notably, the Securities and Exchange Commission (SEC) has an ongoing lawsuit against Ripple, the company behind XRP, alleging that XRP is an unregistered security. Although the announcement has many people worried, Wrath of Kahneman, a user on X (Twitter), explained that this does not mean that Ripple or any of its firms have lost their payment licenses in New York.
He stated that this new development suggests that license holders for the NYDFS may only custody digital assets on the green list.
The removal of XRP and DOGE from the New York State Department of Financial Services (NYDFS) greenlist could restrict trading options for investors in New York, potentially leading to decreased liquidity and subsequent price declines. Additionally, this action by the NYDFS may influence other exchanges and venture capital firms to delist XRP and DOGE, further exacerbating the liquidity and price challenges for these tokens.
However, none of these coins have reacted negatively to this development and are currently trading in the green as of the time of writing this.
SOURCE : https://rexbox.online/rexbox-nydfs-delists-xrp-and-doge-from-greenlist-what-to-know/
#NYDFS #Delists #XRP #DOGE #Greenlist
Among the notable changes, the NYDFS has delisted Ripple (XRP) and Dogecoin (DOGE) from its exclusive âgreenlistâ of approved cryptocurrencies. This means that virtual currency (VC) firms in New York are no longer permitted to list or trade XRP, DOGE, LTC, or other coins removed from the list.
Only eight cryptocurrencies, including Bitcoin, Ethereum, Gemini Dollar, GMO JPY, GMO USD, Pax Dollar, and the just-launched Paypal Dollar (PYUSD), are now supported by the regulatorâs greenlist.
Understanding the NYDFS Greenlist Criteria
The NYDFS greenlist is a compilation of cryptocurrencies that meet the regulatory standards set by the agency. To secure a spot on this list, a cryptocurrency must satisfy specific criteria. These criteria include demonstrating a sufficient level of decentralization, maintaining a robust security track record, and possessing a clear and legitimate use case, among others.
However, the NYDFS has not only delisted certain cryptocurrencies but has also introduced new rules for crypto listings. The agency now expects greater transparency from crypto firms in how they evaluate and list cryptocurrencies.
While the NYDFS has not disclosed a specific reason for removing XRP and DOGE from the greenlist, it is worth noting that the agency has expressed concerns regarding the regulatory status of both cryptocurrencies in the past.
Notably, the Securities and Exchange Commission (SEC) has an ongoing lawsuit against Ripple, the company behind XRP, alleging that XRP is an unregistered security. Although the announcement has many people worried, Wrath of Kahneman, a user on X (Twitter), explained that this does not mean that Ripple or any of its firms have lost their payment licenses in New York.
He stated that this new development suggests that license holders for the NYDFS may only custody digital assets on the green list.
The removal of XRP and DOGE from the New York State Department of Financial Services (NYDFS) greenlist could restrict trading options for investors in New York, potentially leading to decreased liquidity and subsequent price declines. Additionally, this action by the NYDFS may influence other exchanges and venture capital firms to delist XRP and DOGE, further exacerbating the liquidity and price challenges for these tokens.
However, none of these coins have reacted negatively to this development and are currently trading in the green as of the time of writing this.
SOURCE : https://rexbox.online/rexbox-nydfs-delists-xrp-and-doge-from-greenlist-what-to-know/
#NYDFS #Delists #XRP #DOGE #Greenlist
