New York Financial Services Department issued the BitLicense proposal, supervision countdown?

New York Financial Services Department issued the BitLicense proposal, supervision countdown?

The New York Department of financial services (NYDFS) for Ben Lawsky twitter today announced that NYDFS has officially released the revised version of the BitLicense proposal.

Bitcoin regulation

The bill for the first time in July last year, the old version of the draft regulations after a long 90 day comment period after revision.

The new version of the bill to determine the revision of previously published, such as digital currency in commercial behavior in New York, bitcoin software developers, bitcoin miners and individuals will not need to apply for BitLicense (digital currency license), Previously, NYDFS has said publicly that the framework will be released in January, but did not deliver.

It is reported that the “BitLicense” plan is the first proposal by the United States of New York for a crypto currency, it proposed rules including the protection of consumers, to prevent money laundering, and network security.

In addition, the new version of the BitLicense will have a 30 day comment period.

To improve later reports

Related reading: 30 day comment period the final version of the revised draft points before BitLicense

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