search

shea256 / proposed-bitlicense-regulations

The Proposed BitLicense Regulations for The State of New York (Thanks to Patrick Murck for the idea + support to convert this to markdown)
28 stars 18 forks source link

Licensing process is open ended, completely at the whim of the superintendent #3

Open gandrewstone opened 10 years ago

gandrewstone commented 10 years ago

The application requirements are completely open ended: 200.4 (a.14) "such other additional information as the superintendent may require."

The issuing time is open ended: 200.6.b "The superintendent shall approve or deny every application for a license hereunder within 90 days from the filing of an application deemed by the superintendent to be complete. Such period of 90 days may be extended at the discretion of the superintendent for such additional reasonable period of time as may be required to enable compliance with this Part.

If application is denied, there seems to be no appeal process or higher authority. I recommend that some kind of provisional license be issued once the application is filed.

markdavidlamb commented 10 years ago

https://github.com/gandrewstone how do we change that?