Hello and greetings to the wonderful people of the project hope Community.
I wish you all are safe, steady and going through the days well ❤️
Warm welcome to my post to all the Admins, moderators and definitely the Owner of the community 
This post is gonna be about a new thing from my side that i have been looking upon, and just when i got the news, i wished to share it with all of you.
without a doubt, we all have been very familiar to the concept of Crypto-currency, blockchain and such terminologies.
what today i am talking about it is
First: Few sentences on how its regulation around the world.
Second : New-York regulators that have fast tracked 10-Crypto-currencies and providing or sharing its list.
Let's now get going to how the concept of regulation can be understood
THE MOST INTERESTING ASPECT
This points towards the fact that the description of different products through liquidity in terms falling in their ambit is referred to as the fast growing crypto-currency market.
These various terms are based on the decentralized technology, that we all know as BLOCKCHAIN
Many countries according to my research had recently issued warnings over using crypto-currency, i.e. in terms of government issued notices, central banks contradiction and also termed using this as illegal as it was getting misused by terrorists and thefts around the globe.
Most government warnings note the added risk resulting from the high volatility associated with cryptocurrencies and the fact that many of the organizations that facilitate such transactions are unregulated.
Most also note that citizens who invest in cryptocurrencies do so at their own personal risk and that no legal recourse is available to them in the event of loss.
Considering the above notifications, it can clearly be seen that the governments of many countries were not ready to take responsibility of any cryptocurrency related activities, so that if a person makes a loss, he/she has to suffer himself/herself.
Some jurisdictions have gone even further and imposed restrictions on investments in cryptocurrencies, the extent of which varies from one jurisdiction to another. Some (Algeria, Bolivia, Morocco, Nepal, Pakistan, and Vietnam) ban any and all activities involving cryptocurrencies
Keeping this in mind, also in the case of my country, using crypto currency is still banned here but is legal is few manners due to which we are able enough to put some efforts and get benefited.
Now lets move towards the fresh news that came in the last 14 hours from an author named Kevin Helmes
The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing
The news is about the NEW YORK regulators fast tracking the ten cryptocurrencies and creating a greenlist of the cryptocurrencies to be readily available for use in the area.
If a licensed entity decides to use a coin on the Greenlist, it must inform DFS prior to beginning its use,” the regulator noted
The regulators providing such notices to the concerned authorities.
The New York regulators have hence listed 10 cryptocurrencies for custody and eight for listing.
The Ten crptocurrencies that are greenlisted for custody are as follows:
- Binance USD (BUSD)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Etehreum classic (ETC)
- Gemini Dollar (GUSD)
- Litecoin (LTC)
- Pax Gold (PAXG)
- Paxos Standard (PAX)
- Ripple (XRP)
- Ethereum (ETH)
These are the 10 crypto currencies regulated by the NEW YORK regulators greenlisted for custody,
Below are the eight of these that are for being listed:
- Binance USD (BUSD)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Gemini Dollar (GUSD)
- Litecoin (LTC)
- Pax Gold (PAXG)
- Paxos Standard (PAX)
- Ethereum (ETH)
Here i would like to end my post and would love to see all of you in the comment section,
Special greetings to the members here from the New york if any :p
WISH TO LEARN AND GROW WITH THE BEST FAMILY HERE
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