New York Bitcoin Scene Divided As BitLicense Deadline Looms
As the BitLicense application deadline nears, which bitcoin companies will stay in New York and which will go?
Aug 7, 2015 at 10:53 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LJEPBLTEXJAD7EVTRZKSB2TE4U.jpg)
.
Speaking at the time, Voorhees said the customer data requirements imposed by the BitLicense were "Orwellian".
The bitcoin scene is showing clear signs of division, with some companies continuing to keep a stronghold in the Big Apple and others packing up and leaving.
Although the extent of the BitLicense's true impact is yet to be determined, it is fair to say it will leave some New York residents with fewer bitcoin-related options.
Further Reading: Buy Our Bitlicense Research Report
Hourglass image via Shutterstock.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.