The bitcoin foundation requirements of the New York Department of financial services to extend the comment period for the draft legislation

The bitcoin foundation requirements of the New York Department of financial services to extend the comment period for the draft legislation

Earlier, about 400 people A joint appeal The New York Department of financial services ( NYDFS) give bitcoin bill longer comment period. In an open letter to NYDFS, bitcoin foundation global policy adviser Jim Harper said, and the bitcoin community further cooperation is necessary, in addition, process more transparent is imperative. At present, Bitcoin foundation has to rely on its influence, drafted on NYDFS and released the BitLicense proposal to extend the original pressure for a 45 day comment period.
The fund will require national regulators in the letter provided risk assessment BitLicense development period. NYDFS responded that it would provide this information in the next 20 days, and the fund in August 6th promised to review this information before the review deadline.
Harper said that the final on this issue, NYDFS needs to get more information in an bitcoin community he said: “a truly open rulemaking process should allow the audience more extensively involved in the drafting of laws to go, and this does not depend on the one or two review can be completed. The Department can be more organized, more interactive and take comments and amendments, and interact with the critics.
Harper added that the fund will have a series of problems associated with BitLicense submitted further deliberations, but the group will focus on what remains to be seen. He then urged the NYDFS to take the two industry leaders and grassroots supporters of the proposal, because they can provide a unique perspective.
However, in most cases, the community itself there are still differences in the BitLicense problem. For many people, not only for the specification of bitcoin company into the mainstream market provides an opportunity, also caused obstacles for innovation in this area.

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