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NYDFS Set To Amend The BitLicense

Janelle Fox

Summary: The New York Department of Financial Services is ready to amend the infamous BitLicense, which could lead to a more painstaking process for listing coins, according to TheBlock. The NYDFS is proposing two new options to the coin listing process. One would be to propose a page that shows a list of coins allowed by ...

The New York Department of Financial Services is ready to amend the infamous BitLicense, which could lead to a more painstaking process for listing coins, according to TheBlock.

The NYDFS is proposing two new options to the coin listing process. One would be to propose a page that shows a list of coins allowed by the agency. The second suggestion is a framework for listing new coins "that can be tailored to a VC licensee's specific business model and risk profile." over 20 cryptocurrency companies have been granted the license since it’s inception in 2015

By Janelle Fox

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