New York Reveals BitLicense Framework for Bitcoin Businesses
17 July, 2014
The New York Department of Financial Services (NYDFS) has released its long-anticipated list of proposed rules and regulations that will be required for New York-based bitcoin businesses.
The announcement came via a Twitter post from Benjamin M Lawsky, New York State’s first Superintendent of Financial Services, who notably oversaw two regulatory hearings with digital currency leaders in January of this year.
Here is the announcement describing the new proposed virtual currency rules. #bitcoin http://t.co/4U80vKvFCd