New York Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky has extended the comment period for the BitLicense proposal by an additional 45 days.
The agency cited the large volume of input from various sources, including prominent members of the bitcoin community, as the primary reason to double the comment period. The NYDFS announced the move on its official website, moving the final deadline to 21st October.
The notice cited requests from the bitcoin community, which included grassroots supporters and the Bitcoin Foundation, as a driver of the deadline change. The agency also noted the potentially significant impact of the BitLicense proposal on the broader bitcoin market as another reason for the extension, saying:
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