The New York State Department of Financial Services (NYDFS) has called on the public to provide feedback on a proposal aimed at strengthening regulatory requirements for crypto companies operating in the state.October September 18, the NYDFS reported that Inspector Adrien Harris has published recommendations for guidelines for improved criteria for the procedures for the inclusion and exclusion of coins on the list in addition to the framework for adding coins or tokens to the regulator's Green List. The proposal included recommendations to tighten standards, focusing on illegal financing, legal, reputational, market risks and liquidity risks, as well as regulatory risks.We are confident that the department's regulatory and operational capabilities will keep pace with the development of the industry to protect consumers and Sundays, Harris said. In less than two years, we have built up our team of sixty experienced professionals, created and developed consumer and industry protections, and interacted with policy makers around the world.New: Superintendent Harris announces the update of the NYDFS' two-year transformation initiative to strengthen national oversight of #virtual currencies. Read more: https://t.co/llh9K3dM13 pic.twitter.com/nOJvfuel00Related : 19% of New Yorkers own cryptocurrency: At the time the Coinbase report was published, the NYDFS green list for tokens includedded Bitcoin (BTC), ether (ETH) and various stable coins issued by Gemini and PayPal. The announcement also followed the adoption of rules allowing the NYDFS to assess the oversight costs of licensed crypto companies operating in New York. Since 2015, crypto companies operating in New York have basically been required to apply for BitLicense through the NYDFS. The regulator's list showed that the eToro trading platform was the last to receive its license in February, granting licenses to more than 30 companies in the state. Collect this article as NFT to preserve this moment in history and to show your support for independent journalism in the crypto space.Magazine: Crypto City: A Travel Guide to New York