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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