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The creator of the controversial BitLicense legislation has sought to make its effect more palatable for New York start-ups by offering them a form of temporary coverage.
Dozens of Bitcoin companies have commented on the BitLicense proposal, but what does a regulatory compliance company think about it?
NYSDFS has recently received detailed comments about the virtual currency ecosystem from consumer finance company, Circle.
The time constraints still apply, but at least the Bitcoin community has been promised a fuller description of what New York thinks the benefits of its proposed BitLicenses program would be.
What we are all learning is that no matter how complicated something might be, there is always a way to make it more complicated by adding a layer of laws and regulation.
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