Digital Chamber Launches Petition to Extend BitLicense Comment Period

Bitcoin, BitLicense

Last Updated on

NEW YORK (InsideBitcoins) — The Chamber of Digital Commerce is looking to build a grassroots effort to extend the comment period for the proposed Bitlicense regs. The organization has launched a petition drive to drum up support.

The campaign is seeking to compel Benjamin Lawsky, the State of New York’s superintendent of financial services (NYDFS) to continue gathering public input through the end of 2014. Lawsky had previously set a deadline of 45 days after the proposed regulations were published, on July 23.

“These regulations do not even highlight the distinction between digital assets and digital currencies,” said Perianne Boring, president and founder of the Chamber of Digital Commerce in a statement. “Without representing the difference between the two, the NYDFS is issuing indiscriminate guidelines that threaten to destroy Bitcoin. Numerous businesses have told me they are ready to block out all New York IPs from their servers, and will not do business in this jurisdiction if these proposed regulations are enacted.”

The Digital Chamber has urged the industry to submit comments to the NYDFS. The petition will allow “people to lend their voice in shaping digital currency policy,” according to the organization.

Comments can also be submitted directly to the department’s general counsel, Dana V. Syracuse, New York State Department of Financial Services, via email:

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About Inside Bitcoins