Marco Santori is a business attorney 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 Department of Financial 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.
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