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

Aug 7, 2015, 10:53 AM

Updated Aug 18, 2021, 4:05 PM

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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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Yessi Bello Perez

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