June 3, 2015

Business License New York BitcoinNYDFS ANNOUNCES FINAL BITLICENSE FRAMEWORK FOR REGULATING DIGITAL CURRENCY FIRMS

Benjamin M. Lawsky, Superintendent of Financial Services, today announced the release of the New York State Department of Financial Services’ (NYDFS) final BitLicense – the first comprehensive framework for regulating digital currency firms.

The BitLicense – which is the product of a nearly two-year-long NYDFS inquiry – contains key consumer protection, anti-money laundering compliance, and cyber security rules tailored for digital currency companies. A copy of the final BitLicense regulation is available here.

Superintendent Lawsky also delivered remarks today at the BITS Emerging Payments Forum in Washington, DC regarding the final BitLicense and payments regulation – the text of which can be found below.

Source Article Here: http://www.dfs.ny.gov/about/speeches/sp1506031.htm