Comment on Revised NY DFS BitLicense Proposal

The updated proposal is better but we still have some concerns. Here is what we told the NY DFS. 

In revising the first draft of its Virtual Currency Regulatory Framework the New York Department of Financial Services has shown a willingness to embrace challenge that should be celebrated. We welcome this second opportunity to comment in the hopes that some further adjustments may ensure that New York State becomes a leader in the financial technology of the future.

A direct download of this comment is available here

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permisionless blockchain technologies.