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Sunday, 2 November 2014

Lawsky: NYDFS Considering Transitional BitLicense for Small Startups

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The New York Department of Financial Services (NYDFS) has announced that it is considering creating a special type of transitional BitLicense tailored to the needs of small businesses and startups.


The special licensure would allow bitcoin startups that meet certain criteria to operate within a more flexible regulatory framework for a yet-to-be-determined period of time, during which examinations on the business would be conducted.


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