Share this article
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Advertisement
The NYDFS had earlier indicated that the framework would be available in January.
CoinDesk is monitoring this developing story.
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
