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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?

By Yessi Bello Perez
AccessTimeIconAug 7, 2015 at 10:53 a.m. UTC
Updated Sep 11, 2021 at 11:48 a.m. UTC
BitLicense Time Deadline

New York Post

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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.

Further Reading: Buy Our Bitlicense Research Report

Hourglass image via Shutterstock.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.