Lawsky: NYDFS Considering Transitional BitLicense for Small Startups

By November 2, 2014Bitcoin Politics

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.

The formal announcement of the NYDFS’ shift in strategy came during superintendent […]

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