The Bitcoin Foundation has thrown its weight behind efforts to extend the 45 day-long comment period for the BitLicense proposal drafted and recently released by the New York Department of Financial Services (NYDFS).
In an open letter to the NYDFS, Global Policy Counsel for the Bitcoin Foundation Jim Harper said that there needs to be greater cooperation with the bitcoin community and more transparency for the process as a whole. The organization’s efforts to advocate for a more growth-oriented BitLicense proposal builds on a previous grassroots-level initiative in which roughly 400 signatories, according to The New York Times , called on the NYDFS to hold a longer comment period.
The Foundation requested in its letter that the state regulator provide it with the risk assessments drawn up during the BitLicense development period. The NYDFS has since responded that it would provide this information in the next 20 days, and the Foundation pledged on 6th August that it will make this information available for review prior to the close of the comment period.
via CoinDesk http://ift.tt/1vbCmmn
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