Virtual Currency

Virtual Currency

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Virtual Currencies

There are multiple paths virtual currency businesses can take to adopt or list virtual currencies:

  • Approval of a specific application to DFS for a material change of business
  • Self-certification of a coin listing policy approved by DFS
  • Use of virtual currencies already on the Greenlist.

For more information, please see Guidance Regarding Adoption or Listing of Virtual Currencies and Coin-Listing Process infographic.

Self-Certification

Regulated entities engaged in Virtual Currency Business Activity may submit to DFS a self-certification policy, pursuant to guidance DFS issued in June 2020. Once DFS approves such a policy and the entity seeks to self-certify a coin for listing or custody, it must submit a self-certification form. Certifications should be submitted via the secure DFS Portal. To access the DFS Portal you will need to create a portal account.

When you first log in, click on Ask for Apps to request access to the Virtual Self-Certification application, for the company(ies) you will be filing for. When this is approved, you will be able to access this application in the My Apps menu.