A Revised Version of New York's BitLicense Has Uncloaked

A Revised Version of New York's BitLicense Has Uncloaked

A revised version of New York's BitLicense, the document behind the regulation of all cryptocurrency delving companies has emerged from the shadows, and this time things are a little different. Following a 90-day commentary period in which companies such as Amazon and Walmart made their voices and opinions regarding the BitLicense clear, the document went into hiding where it could lick its wounds and heal itself up for the next round. Now that round has finally arrived, and the revised version is here to make its presence known. Several anticipated changes have been made, including....


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The New York State Department of Financial Services (NYDFS) released the latest version of of its BitLicense proposal today, an event that sets off another 30-day comment period before the much-anticipated regulation can be finalized. The revised draft finds the state agency following through on a number of proposed changes it has previously announced publicly, while clarifying the intent and structure of the proposal. Overall, the revised BitLicense displayed a willingness by the NYDFS to both respond to concerns from the digital currency and wider business community while largely leaving....

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