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1  Bitcoin / Legal / HOW TO: Submit Public comment to NYDFS on BITLICENSE. regulation affects us all on: July 24, 2014, 01:32:50 AM
I made a crappy infographic:



The proposed rules are on page 14 of this PDF along with the email address for submitting comment to:

http://docs.dos.ny.gov/info/register/2014/july23/pdf/rulemaking.pdf

And the instructions which state that literally you're just supposed to send a damn email are here:

http://www.dos.ny.gov/info/register/instruct.htm



Suggestions for comments:

  • The regulations are far too broad.
  • They would require anyone who wishes to even buy BTC with USD to have a license.
  • They would require anyone who even casually mines any crypto to have a license with burdonsome requirements.
  • They would cause the largest US based pool to shut down and the owner of BTCguild has stated.
  • They should maybe be scrapped altogether.
  • US law already has requirements for BTC exchanges so these are just redundant and burdonsome.  

But whatever - do your own reading, make your own comments, but please don't just flame the email address and prevent real comments from getting through.
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