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30-Day Comment Period for BitLicense Revision Begins Today

The 30-day comment period during which the public can submit comment on the latest draft of New York’s BitLicense proposal begins today.

Feb 25, 2015 at 7:53 p.m. UTC
Updated Sep 11, 2021 at 11:34 a.m. UTC

NYDFS

The 30-day period during which the public can submit comment on the latest draft of New York’s BitLicense proposal has begun.

The formal comment period was initiated by the publication of the notice in the New York Register, a weekly periodical designed to keep state citizens up-to-date on rulemaking.

Following roughly three weeks since the introduction of the framework, the publication seems likely to spur a new round of debate over the regulation and its more controversial measures.

Speaking to CoinDesk, a number of the more prominent voices in the bitcoin community voiced concerns that the revision left intact many onerous provisions that might force their companies to avoid serving customers in New York.

The previous comment period attracted more than 3,700 comments from participants as diverse as Amazon and Walmart.

The comment period is set to close on 27th March.

Starting line image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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