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Wednesday, June 24, 2015

BitLicense Now Official: New York's Bitcoin Regulation -- An Update

New York's Bitlicense is now officially effective today -- June 24, 2015 -- with the official publication of the regulation (see below) in the New York State Register's current edition just released. 

The final version has already been released, and with one change (companies won't have to run to state regulators to get approval for minor changes in their apps or code), it's the same as the second draft version released in late 2014.

I anticipate that companies seeking to comply will be engaged in quite a complex process, and quickly.

Eric Dixon, Esq. is available for consultation or comment to the news media at 917-696-2442.

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