Verisign to implement DNSSEC using blockchain

One of the oldest internet security companies is exploring blockchain usage in the field of domain name services
27 October 2017   1856

One of the world leaders in the field of domain names, Verisign, plans to patent the implementation of the DNS Security Extension (DNSSEC) protocol using blocking technology. The corresponding application was published by the Bureau of Registration of US Patents and Trademarks, CoinDesk reports.

The DNSSEC protocol is used to protect against the spoofing of information in the response and to prevent users from accidentally migrating to malicious sites when changing the DNS address.

At the same time, Verisign offers to store digital certificates, public keys and other means of authentication on the server, which will ensure the protection of users from hacker attacks and other malicious acts.

Several methods of using the DNSSEC protocol are assumed, but at the moment Verisign does not say about the further development of the system.

New York State to Revise BitLicense Granting Terms

At the moment, BitLicense is the most stringent legal framework for the cryptocurrency industry
23 October 2019   15

The terms for granting the so-called BitLicense, the license required for cryptocurrency companies to work in New York State, will be reviewed. This was stated by the superintendent of the New York Department of Financial Services (NYDFS) Linda Lacewell, reports CoinDesk.

BitLicense is considered the most stringent legal framework for the cryptocurrency industry at the state level. In particular, companies are required to receive it for cryptocurrency transactions of New Yorkers, even if they themselves are based in other jurisdictions.

Last year, Kraken, a San Francisco-based exchange, chose not to receive BitLicense, but to completely leave New York. Earlier this year, the Bittrex exchange (Seattle) also left the state without licensing.

This is a good time to take a look, a responsible look and see how our regime is fitting the current market and … what if any adjustments should we think about making to continue to adapt to sort of a changing industry … that’s going to be one of the things that [we do].

Linda Lacewell

Superintendent, New York Department of Financial Services

At the same time, she called not to “be too happy” about possible changes in the rules for the cryptocurrency industry.

According to her, the current regulatory regime “works well,” but the industry has changed since 2015, when BitLicense was introduced.

How has the industry grown? Has it matured in any way? And I don’t want to get too specific, but you know, it’s a good time for a second look.

Linda Lacewell

Superintendent, New York Department of Financial Services

 Lacewell did not specify when the revision of licensing terms will be completed and what exactly industry participants can expect in the end.

Since the introduction of the license until June 2018, only 6 companies have received BitLicense, but over the past 20 months, after the regulator has softened its position, 16 more companies have been added to their number.