Bitcoin News Mash-Up: NYDFS Extends Comment Period; BitPay to Join Ice Bucket Challenge; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

NYDFS Extends Comment Period on BitLicense
The New York Department of Financial Services (NYDFS) has agreed to extend the comment period on BitLicense for another 45-days. The last date for submitting comments and suggestions on the latest regulation draft is October 21st. The statement posted on the agency’s website reads:

“There has been a significant amount of public interest in and commentary on DFS’ proposed regulatory framework for virtual currency firms. A number of groups and individuals have also requested additional time to study the proposal given that it is the first of its kind and could potentially serve as a model for other jurisdictions.”

Three Major Exchanges Provide their Views on BitLicense
OKCoin, BTC China, and Huobi have become the latest organizations to provide their views on the NYDFS-proposed regulations on Bitcoin, called BitLicense. In their respective reviews, all three Chinese Bitcoin exchanges spoke in the same melody. They criticized the excessive scope of these regulations and further suggested them to be only applicable on companies that are originally located in New York. Their open letter openly complained the troubles offshore companies will face because of BitLicense.

BitPay Looking Forwards to Make Donations to ALS Association
The ALS Association, an NGO fighting Amyotrophic Lateral Sclerosis (ALS) disease, recently started an online campaign called the Ice Bucket Challenge, which required people to make a video of themselves while spilling a bucket full of ice and water on their head. The involvement of internationally renowned celebrities, including Microsoft CEO Satya Nadella, its co-founder Bill Gates, celebs Tom Cruise, Britney Spears, etc. made this campaign viral on the internet. This time, it is BitPay which is showed its interests in making donations for the cause, but in Bitcoin.

To contact the assembler of the stories: Yashu Gola at yashu@forexminute.com

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