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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

BitPay Also Issues Remarks on the Proposed BitLicense

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.

Circle Internet Financial isn’t the only bitcoin company to issue remarks on the proposed BitLicense regulations put forth by the New York Department of Financial Services (NYDFS) today.

Read: Circle Issues Remarks on BitLicense Ahead of Comment Period Deadline

Atlanta, Georgia-based BitPay also issued remarks today, submitting them to NYDFS Superintendent Benjamin Lawsky, just one day before the public commenting period on the proposal comes to a close (Tuesday, October 21st).

The five-page document, authored by BitPay Chief Compliance Officer Tim Byun, covers a number of topics relating to the proposal — which many companies in the sector have previously commented on.

In short, there are fundamental issues with the BitLicense proposal that need to be fixed before any of this goes into effect.

Quoted, the document makes the following points:

  1. Lacks Innovative Rule Making That Will Deter Jobs & Innovation
  2. Creates an Unlevel Playing Field for Bitcoin Transactions
  3. Disregards Leveraging Existing Local/National/International AML Frameworks
  4. Lacks Clarity Whether Ancillary Bitcoin Activities are Covered by Regulations

Byun writes:

[blockquote style=”2″]BitPay respectfully requests that the NYDFS consider innovation itself in formulating regulations, establish risk-based rules that help to create jobs rather than eliminate them, leverage existing Anti-Money Laundering frameworks, and clarify that providers of ancillary activities do not require a BitLicense.https://www.newsbtc.com/wp-admin/post-new.php[/blockquote]

Bitpay Comments on BitLicense

The expectation is that the comments submitted to the NYDFS from companies and members of the community will help shape the next draft of the BitLicense, in which another commenting period will open.

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

Ethereum

Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?

Ethereum (ETH) stands out with one of the best price performances from last week as a general bullish sentiment swept...

Semilore Faleti 6 hours ago
Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Het enthousiasme rondom Dogecoin lijkt groter dan ooit. Institutionele investeerders lijken massaal te willen investeren in deze meme coin en...

Lars Diederiksen 9 hours ago
Solana

Solana (SOL) Bulls Complete Bullish Breakout — Eye $360 Mid-Term Target

Solana (SOL) has emerged as a major headliner following an impressive 20.89% gain over the last week. Solana’s price now...

Semilore Faleti 10 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

pengu-solana-surge-altseason-heats-up-pepenode-100x-hype-tw

隨著Pengu、Solana價格上漲 山寨幣季愈演愈烈下個100倍幣PEPENODE被搶購

Mark Mak 1 hour ago
xrp-flambee-marche-crypto

XRP et flambée du marché crypto : que faire les prochaines semaines ?

guillaumev 5 hours ago
solana-depasse-bnb-capitalisation-record-sol

Solana dépasse à nouveau BNB : vers une capitalisation record pour SOL ?

guillaumev 6 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨投資の専門家が推す有望銘柄 ― XRP・カルダノ以上の期待

    仮想通貨投資の専門家が推す有望銘柄 ―...

    6 hours ago
  • 注目のico仮想通貨が100万ドル調達 ― マイン・トゥ・アーン型ミームコインの可能性

    注目のico仮想通貨が100万ドル調達 ―...

    6 hours ago
  • イーサリアム 今後の価格予測:機関投資と長期需要で2025年に9,000ドル到達の可能性

    イーサリアム...

    6 hours ago
  • ビットコイン 今後の価格予測:インフレ上昇の中で利下げ期待強まり、11万5,000ドル付近で推移

    ビットコイン...

    6 hours ago
  • シバコイン 今後はどうなる? レジスタンス突破の可能性を探る

    シバコイン 今後はどうなる?...

    6 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.