In a recent crypto shakeup, New York’s Department of Financial Services has trimmed its “greenlist,” ousting $XRP, Dogecoin, and Litecoin, leaving only eight approved tokens, including Bitcoin and Ethereum. Amidst this regulatory shift, Domini.art shines as a coin bridging art and blockchain, making art investment more accessible and transparent for a wider audience.
Domini.art: A Coin With REAL Utility
Domini.art, represented by the token $DOMI, offers genuine utility in the world of art investment by combining traditional art with blockchain technology. Here’s why Domini.art stands out as a coin with real utility:
Fractional Ownership: Domini.art’s core innovation lies in fractional ownership. It enables investors to acquire shares of prestigious artworks, eliminating traditional barriers that once confined art investments to the elite. This newfound flexibility and liquidity open the doors to a diversified art portfolio making Domini.art one of the best crypto to invest in.
Blockchain Transparency: Each artwork on Domini.art is tokenized as a unique NFT. This transparent and immutable ownership record not only enhances trust but also democratizes art investment, allowing a broader audience to participate.
Domini.art’s Advisory: For those seeking expert guidance, Domini.art offers personalized recommendations. Their advisory services cover both emerging artists and established blue-chip artworks, backed by in-depth market research and due diligence.
Real-life Secure Storage: Domini.art takes the security of your art investments seriously. Rigorous artwork authenticity checks, specialized storage facilities, comprehensive insurance, and proactive risk management provide peace of mind.
With a total supply of 1 billion tokens and initial pricing at 0.0035, Domini.art offers an early opportunity to diversify your portfolio and be part of the art investment revolution. The tokenomics include allocations for the public, liquidity pool, marketing, reserve capital, team, advisors, and partnerships, creating a robust ecosystem.
Investors can easily participate by registering on the website via email or connecting their DeFi wallet. Payment options include credit or debit cards (via wallet connection) and a variety of leading cryptocurrencies like ETH, USDT, and USDC.
In the ever-evolving world of cryptocurrency, Domini.art ($DOMI) presents a unique opportunity for investors looking for the best cryptocurrency to invest in now. With its groundbreaking approach to merging art and finance, Domini.art stands out as one of the top crypto coins to buy for long-term growth.
New York Removes $XRP, Dogecoin, and Litecoin from its Crypto Greenlist
In a recent update from the New York Department of Financial Services (NYDFS), several cryptocurrencies, including $XRP, Dogecoin, and Litecoin, have been removed from the state’s “greenlist” of approved tokens for DFS-licensed firms. This move signifies a significant shift in the state’s virtual currency framework, which had previously included 25 tokens, including Bitcoin, Ethereum, Dogecoin, Litecoin, $XRP, and others.
The NYDFS explained that this update aligns with their new general framework for greenlisted coins, which aims to provide clarity regarding coin-listing and delisting protocols for regulated entities. As part of these revisions, there will be stricter risk assessment standards for coin-listing and enhanced requirements for businesses serving the retail sector.
One notable aspect of this change is that DFS-licensed firms will no longer need prior approval to list coins that are included on the Greenlist. However, they must have an approved coin-delisting policy in place. The department will consider adding a coin to the Greenlist if it has a demonstrated, historic record consistent with safety and soundness, broad marketplace adoption, or if it’s a stablecoin approved by DFS for issuance in New York.
It’s essential to note that DFS retains full discretion over the Greenlist’s contents, including additions, removals, or any other alterations. This update comes as part of the department’s continued efforts to enhance cryptocurrency oversight, following previous actions such as a $100 million settlement with Coinbase and ordering Paxos to stop issuing Binance USD.
In summary, Domini.art offers real utility by bridging the gap between art and finance, making high-end art investments accessible, transparent, and secure. While some cryptocurrencies face regulatory challenges and removal from approval lists, Domini.art’s focus on art and blockchain technology positions it as a coin with practical applications and genuine value in the world of art investment.