SPECIAL LICENSE : DFS is setting up a a framework for small businesses to use Bitcoins (virtual currency) — Reuters
New York’s Department of Financial is considering creating a special type of bitcoin license called a Transitional BitLicense, which would let certain small businesses and start-ups operate within a more flexible framework, according to the department’s superintendent, Benjamin Lawsky.
Lawsky is due to make the announcement on Sunday night (Monday afternoon Malaysian time) at the Money 20/20 conference in Las Vegas.
The initial comment period for the proposed BitLicense framework ended on Oct 21, 2014.
The DFS is also designating a small group of specialised examiners to deal with start-ups and their license applications. — Reuters