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. 1 min read
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.
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.
The NYDFS had earlier indicated that the framework would be available in January.
CoinDesk is monitoring this developing story.
Higit pang Para sa Iyo
The decentralized exchange’s new HIP-4 product lets traders bet on offchain events like inflation and interest-rate decisions, using validators rather than UMA-style external dispute resolution.
Ano ang dapat malaman:
- Hyperliquid has expanded its HIP-4 outcome market to let users trade prediction-style contracts on offchain events like U.S. inflation data and Federal Reserve decisions alongside crypto derivatives.
- Unlike rival Polymarket, which relies on UMA’s external oracle, Hyperliquid resolves these markets through its own validator set, which ingests news, decides which...
Top Stories
