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Wayne County New York Business License & Business Permit List:

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Latest News for , NY

New York Revises “BitLicense” Regulations for Virtual Currency Businesses
JDSupra.com New York, NY
February 9, 2015

Seven months after releasing its BitLicense proposal, the State of New York has published substantial revisions. Like the original version, the revised regulations apply more broadly than federal regulations and require many virtual currency businesses that “involve” the State of New York or customers located or operating within New York to obtain a license.

The New York Department of Financial Services has today released its revised “BitLicense” regulations. With a few notable differences, the revised regulations track the original proposal of July 2014. Businesses transacting in virtual currencies should understand how the regime might impact the conduct of their business.

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The revised regulations, like the original proposed regulations, require...  Read More