Finalized BitLicense to be out 'Very Soon'

The New York State Department of Financial Services (NYDFS) has suggested that it is inching closer to the release of a finalized BitLicense under which cryptocurrency businesses would come under regulation in the state.

Subsequent to the conclusion of a comment period last month, NYDFS deputy superintendent for public affairs Matt Anderson said that the NYDFS is going through the responses from its final round of open community feedback.

"We take some time to review the comments for potential changes or modifications, and hopefully [will] publish a final rule soon", Anderson told CoinDesk.

The release of BitLicense has been expected for quite some time now since it was first proposed in late 2013. Though no precise date was set for the release, Anderson emphasized that the final version of the BitLicense would be out "very soon".

"We're trying to work expeditiously, but we're not trying to work toward any particular date," he said.