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The New York State Department of Financial Services (NYDFS) released the final version of its long-awaited regulatory framework for digital currency companies today.
The final release of the Bitlicense follows nearly two years of fact-finding and debate. The NYDFS began crafting the rules after it determined the technology should not be regulated under existing state law.
The bill will not become law until its publication in the New York state register, a weekly government-issued guide to proposed rulemakings.
The final release of the Bitlicense follows nearly two years of fact-finding and debate. The NYDFS began crafting the rules after it determined the technology should not be regulated under existing state law.
The bill will not become law until its publication in the New York state register, a weekly government-issued guide to proposed rulemakings.
Full story: http://www.coindesk.com/new-york-releases-final-bitlicense/
Bitcoin Discussion board thread: https://bitcointalksearch.org/topic/final-nydfs-bitlicense-1079380