diff --git a/.Rbuildignore b/.Rbuildignore
index 432ae6f..5475615 100644
--- a/.Rbuildignore
+++ b/.Rbuildignore
@@ -2,7 +2,6 @@
 ^R-package\.Rproj$
 ^\.Rproj\.user$
 ^vignettes/getting_started$
-LICENSE
 Makefile
 .github
 .vscode
@@ -10,3 +9,4 @@ Makefile
 ^check$
 ^CRAN-SUBMISSION$
 ^cran-comments\.md$
+^LICENSE\.md$
diff --git a/DESCRIPTION b/DESCRIPTION
index c1d8c5d..0ac06f0 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -11,7 +11,7 @@ Description: Gaussian processes are flexible distributions to model functional d
     This package implements two methods for scaling GP inference in Stan. First, a sparse
     approximation of the likelihood that is generally applicable and, second, an exact method for
     regularly spaced data modeled by stationary kernels using fast Fourier methods.
-License: BSD
+License: MIT + file LICENSE
 Encoding: UTF-8
 Language: en-US
 Roxygen: list(markdown = TRUE)
diff --git a/LICENSE b/LICENSE
index b5fbef8..d8fb999 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,28 +1,2 @@
-BSD 3-Clause License
-
-Copyright (c) 2023, onnela-lab
-
-Redistribution and use in source and binary forms, with or without
-modification, are permitted provided that the following conditions are met:
-
-1. Redistributions of source code must retain the above copyright notice, this
-   list of conditions and the following disclaimer.
-
-2. Redistributions in binary form must reproduce the above copyright notice,
-   this list of conditions and the following disclaimer in the documentation
-   and/or other materials provided with the distribution.
-
-3. Neither the name of the copyright holder nor the names of its
-   contributors may be used to endorse or promote products derived from
-   this software without specific prior written permission.
-
-THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS"
-AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE
-IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE
-DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT HOLDER OR CONTRIBUTORS BE LIABLE
-FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL
-DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR
-SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER
-CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY,
-OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
-OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
+YEAR: 2023
+COPYRIGHT HOLDER: Till Hoffmann
diff --git a/LICENSE.md b/LICENSE.md
new file mode 100644
index 0000000..e5b85ae
--- /dev/null
+++ b/LICENSE.md
@@ -0,0 +1,21 @@
+# MIT License
+
+Copyright (c) 2023 gptoolsStan authors
+
+Permission is hereby granted, free of charge, to any person obtaining a copy
+of this software and associated documentation files (the "Software"), to deal
+in the Software without restriction, including without limitation the rights
+to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+copies of the Software, and to permit persons to whom the Software is
+furnished to do so, subject to the following conditions:
+
+The above copyright notice and this permission notice shall be included in all
+copies or substantial portions of the Software.
+
+THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+SOFTWARE.