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New York State Releases Revised BitLicense Proposal
The New York State Department of Financial Services has released a revised version of its BitLicense proposal.
By Pete Rizzo
Updated Sep 11, 2021, 11:30 a.m. Published Feb 4, 2015, 8:05 p.m.
The New York State Department of Financial Services (NYDFS) has released a revised version of its BitLicense proposal.
First revealed in July, the new framework comes after a lengthy, 90-day comment period for the proposed regulation, which saw notable names from both within and outside of the bitcoin industry weigh in on the proposal.
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The finalized bill includes previously announced changes, like exclusions for software providers, gift card companies and those who seek to use blockchain tokens for non-financial purposes.
A spokesperson for the NYDFS indicated that an official version of the amended proposal will be published next week in the State Register.
This filing will set off another 30-day comment period in which the public can weigh in on the proposed changes before the BitLicense is finalized.
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The NYDFS had earlier indicated that the framework would be available in January.
CoinDesk is monitoring this developing story.
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