Marco Santori the attorney of a business for technology companies. In particular, digital currency businesses. He is also the chairman of the Bitcoin Foundation’s Regulatory Affairs Committee and author of CoinDesk's series on bitcoin law (find parts 1, 2 and 3 here).
New York’s Financial Department of Services (DFS) published its original BitLicense proposal in July of 2014. That original proposal drew applause from those who valued regulatory certainty, and ire from those who faulted it for its imprecision and tendency toward over-inclusion.
In the intervening six months, DFS received thousands of written comments and met with countless industry members. I don’t think any commentator could accuse them of not listening to the community – but receiving information and acting on that information are two different matters entirely.
Let’s break down some of the most important changes to the BitLicense and whether they addressed the concerns of digital currency businesses, investors and consumers.
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