PlayIconNav
BTC
$62,991.33+2.81%
ETH
$2,467.71+4.69%
BNB
$565.57+1.35%
SOL
$142.47+7.08%
XRP
$0.58724305+0.26%
DOGE
$0.10506045+1.76%
CD20
$1,949.57+4.44%
TRX
$0.15133273+1.22%
ADA
$0.35045932+2.61%
AVAX
$26.60+8.71%
WBTC
$62,855.01+2.67%
SHIB
$0.00001411+3.58%
Ad
Markets
Election 2024

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 Aug 18, 2021 at 4:05 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
bitlicense-time-deadline

New York Post

. 

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • 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.

    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.

    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.