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?

AccessTimeIconAug 7, 2015 at 10:53 a.m. UTC
Updated Sep 11, 2021 at 11:48 a.m. UTC
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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.

Hourglass image via Shutterstock.

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