Outgoing NY regulator Benjamin Lawsky reveals the final BitLicense framework
Financial intermediaries in Bitcoin business must obtain a license
Licensing application fee set at $5,000 Speaking at the BITS Emerging Payments Forum today, Superintendent of the New York Department of Financial Services Benjamin Lawsky released the final set of Bitcoin regulations, commonly known as BitLicense.The rules and regulations will govern only the financial intermediaries associated with Bitcoin and other virtual currencies.Mr. Lawsky said: “ […]