If the contemplated regulatory scheme announced today by the NY DFS is implemented, many of the obstacles to issuance of new digital currencies would be eased. This would help transform NY from a venue that is regarded as difficult for FinTech companies to operate in to one that is "open for business" to reputable digital asset entities. 

Most interesting is the self-certification process being considered, whereby entities that already have a BitLicense can create their own policies for listing new coins.