It’s no secret that the proposed “Bitlicence” framework brought up by the New York Department of Financial Services has been unpopular at best.
Many members of the Bitcoin community have come out in opposition to it. Circle CEO Jeremy Allaire has called the BitLicence “impossible to comply with”, and multiple petitions have arisen from prominent members of the community to extend the comment period.
Those fears have been assuaged somewhat by Superintendant Ben Lawsky’s decision to agree to the petitions’ demands. The comment period has been extended by 45 days as a result of what it called “a significant amount of public interest,”, and because the BitLicence is “the first of its kind and could potentially serve as a model for other jurisdictions.”
The original date was set for 45 days after its announcement on July 23rd, but the comment period has now been doubled to 90 days. As of now, the comment period closes on October 21st, 2014.
Those interested in submitting comments to the New York Department of Financial Services can do so by emailing Dana V. Syracuse at Office of General Counsel. His address is dana.syracuse@dfs.ny.gov.
NYDFS Extends BitLicence Comment Period After "Significant Amount Of Public Interest"
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