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Lawsky Says Final BitLicense Coming Soon With Few Changes

Law360, New York (February 25, 2015, 4:58 PM EST) -- New York’s top financial regulator on Wednesday said that the state’s proposal for licensing Bitcoin and other virtual currency businesses will be completed in the coming weeks, and that he hopes to make few changes to it.

Benjamin Lawsky, New York’s superintendent of financial services, said in an appearance at Columbia Law School that the regulations creating what is known as the BitLicense, a first of its kind licensing regime for virtual currency business, would be finalized “in about a month.”

And, after making extensive changes in a revised proposal released earlier this month, Lawsky said he does not expect to...

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