BitLicense Comments Reveal Competitors’ Hidden agenda

By William Suberg

As the full list of comments on BitLicense is revealed, the list of contributors and their requests makes for interesting reading – even including a potentially prominent new critic of the scheme.

Western Union and Amazon feature notably among the several thousand contributors, whose full texts were released yesterday and confirmed by Benjamin  on Twitter.

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Corporate giants among BitLicense commenters: Western Union appears scared of bitcoin, Walmart and Amazon unfazed

Despite the obvious stress and uncertainty created by the still evolving BitLicense regulatory situation, one positive that has come out of the process has been the public dialogue throughout the lawmaking process. As we’ve covered previously, the New York Department of Financial Services (NYDFS) has taken an open approach to this lawmaking exercise, soliciting feedback and input from crypto-currency entrepreneurs and investors, large retailers, financial services companies, law enforcement, and other regulatory bodies.

Earlier today, the NYDFS published the more than 3,700 comments it received over the last four-and-a-half-months. Many, including those by prominent bitcoin organizations like the Bitcoin Foundation, BitPay, Circle, Coinbase, Xapo, Ripple Labs, BTC China, Boost VC and others, have already been published by the companies themselves. 

But today, for the first time, we get a look into the thoughts and concerns of a Walmart, Amazon, and Western Union, that seemingly have nothing to do with virtual currencies..

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Amazon, Walmart and Western Union BitLicense Comments Revealed in NYDFS Release

The New York Department of Financial Services (NYDFS) made all of the more than 3,700 comments it received regarding its BitLicense proposal available to the general public today, a move that provides new insight into the organisations and individuals that have taken an interest in the proposed regulation.

Perhaps most notably, the full release included submissions from some of the largest businesses in the US, including e-commerce giant Amazon, retail juggernaut Walmart and global remittance specialist Western Union.

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