Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
delulo
on 16/02/2015, 01:41:09 UTC
Quote
As with its original BitLicense proposal, DFS will accept comments, but only for thirty days in this round. At the expiration of those thirty days, DFS will likely prepare a final version and then publish it in the state Register. DFS extended the last comment period in response to industry outcries for more time. I doubt that there will be an extension granted, so if you plan to file a comment, it should be done quickly.

Who should file a comment? Altcoin developers might want the final rule to more clearly define what it means to “administer” a digital currency. Multisig developers might ask for a clearer definition of custody, “controlling” or “holding”. They might even argue for a specific exemption.
http://www.coindesk.com/bitlicense-2-0-latest-revisions-mean-bitcoin-businesses/

Would the Counterparty team want to clarify things here?

I don't know what kind of clarification you're looking for. I don't have any comment to make on that article or BitLicense. (Obviously, we don't administer XCP or any other currency.)
If I'd be the judge I also would say you don't administrate it but that term (administrate) is so vague that a request for clarification would bring more legal certainty which is also what the article suggests.