News

Bitcoin advocates back petition for BitLicense proposal

Thursday 2 April 2015 10:24 CET | News

Digital currency industry businesses, executives and advocates have backed a petition calling for the easing of components of the BitLicense proposal.

Submitted as part of a recently closed public comment period, the measure has so far garnered support from companies such as Coinbase, Blockstream, BitPay, Circle and Ripple Labs, as well as notable developers and venture capitalists.

Overall, the petition seeks to convey the argument that it is unreasonable for the New York State Department of Financial Services (NYDFS) to apply its provisions equally across the industry, arguing that creators of open-source protocols, micropayments providers, security intermediaries and smaller entrepreneurs should be excluded from certain coverage.

The petition further included definitions for startups in each of its four proposed coverage areas, defining small startups as those that have been in operation for less than two years.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, BitLicense, petition
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events