NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

First BitLicense Public Commenting Period Deadline is Today

newsbtc
newsbtc
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It seems as if it’s been a long road to get here, but today marks the conclusion of the first public commenting period when it comes to the New York Department of Financial Service‘s (NYDFS) BitLicense proposal, which has been seemingly met with no shortage of resistance from the community.

The proposal, which was distributed for public comment in mid-July, outlines a number of regulations the NYDFS hopes to put in place to keep tabs on companies operating in the virtual currency space in the State of New York.

Those regulations include collecting customer names, addresses, and other identifying information, in addition to strict reporting requirements for companies regardless of their size or resources.

This commenting period was supposed to last for a 45-day period, if you’ll recall. But when members of the community realized that 45 days would not be nearly enough to review and comment on the proposal, they began to realize that an extension would be required if this were to be done the right way.

At the time, Perianne Boring of the Chamber of Digital Commerce called the 45 days “severely inadequate” and “egregious”.

It wasn’t too long before the NYDFS came out and extended the public commenting period to October 21st, much to the relief of companies looking to submit lengthy comments (much like Circle and BitPay did yesterday).

What happens now?

It’s certainly not the end of the process.

Presumably, the New York Department of Financial Services will take some time to review the tons of comments they received on the proposal (both from the public and from the business sector), which will go into shaping the next version of the proposal.

When released again, another public commenting period will open, though it’s unclear whether or not the NYDFS will stick to the extended time frame of 90 days or go with the 45-day standard.

Either way, it’s a very interesting topic, and I’ll have more information for you as it becomes available.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Strategy Revives GameStop as Bitcoin Hyper ($HYPER) Explodes

GameStop is making big moves. The video game retailer reported a narrower loss for Q2, and it’s all thanks to...

Aaron Walker 2 hours ago
bitcoin, bitcoin koers, bitcoin etf, bull run, crypto rally, bitcoin nieuws bitcoin, bitcoin koers, bitcoin etf, bull run, crypto rally, bitcoin nieuws

Bitcoin ETF geld stroomt terug – nieuwe rally mogelijk door institutionele interesse

Ondanks dat de Bitcoin koers zelf geen indruk heeft weten te maken, hebben de Bitcoin ETF’s plotseling een flinke instroom...

Lars Diederiksen 2 hours ago

Το Dogecoin πλησιάζει το $1 – Ελπίδες για νέο ράλι ανόδου στην τιμή

Το Dogecoin επανέρχεται στο επίκεντρο της αγοράς κρυπτονομισμάτων, καθώς η τιμή του αυξήθηκε κατά 20% μέσα σε λίγες ημέρες, με...

Ιωάννης Ριζόπουλος 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

PredictIt Wins CFTC Approval & Eyes October Launch – Find the Best Crypto to Buy Ahead of Time

PredictIt Wins CFTC Approval & Eyes October Launch – Find the Best Crypto to Buy Ahead of Time

Aaron Walker 4 minutes ago
도지코인·밈코인 시장 급등…고래 매집에 투자 열기 확산

도지코인·밈코인 시장 급등…고래 매집에 투자 열기 확산

Soyeon Lee 1 hour ago
Crypto

Can Europe’s Crypto Apps Win Over Binance Users? A Growing Comparison

PR Desk 2 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    28 minutes ago
  • hyper presale

    Bitcoin chuẩn bị bùng nổ sau khi cắt giảm lãi...

    51 minutes ago
  • miner

    Earn $9,700 Daily with Ease — Open Miner Empowers You to...

    1 hour ago
  • 5 Meme Coin Tiềm Năng Nên Mua Tháng 9 – Top Chọn...

    2 hours ago
  • Các altcoin

    Biến $300 Thành $30,000 Với Các Đồng Coin Tiềm...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.