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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. 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
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Ano ang dapat malaman:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
