Lawsky Says BitLicense Could Change To Ease Compliance

Law360, New York (April 21, 2015, 2:12 PM EDT) -- New York's top financial regulator on Tuesday said his agency will release a final version of its licensing regime for Bitcoin and other virtual currency businesses in the coming weeks, and opened the door to potential changes if other states come up with radically different rules.

New York Financial Services Superintendent Benjamin M. Lawsky New York Superintendent of Financial Services Benjamin M. Lawsky said that the final BitLicense would be release by the end of May "at the latest."

While New York is poised to be the first state regulator to release virtual currency licensing rules, it will not be the...

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