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Topic: [2014-12-19] Bitcoin: Lawsky softens 'BitLicense' requirements (Read 802 times)

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http://www.cnbc.com/id/102281056

 The superintendent's office also eliminated the proposed requirement that licensees be required to obtain the addresses and transaction data for all parties to a transaction. Instead, relevant firms will only need to obtain that information for their own customers or account holders and, only whenever possible, for counterparties.

Lawsky also eased up on rules for record-keeping, shortening the required time from 10 to seven years for firms to maintain transaction information.
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