Kraken Joins Exchanges Refusing to Apply for a BitLicense, Suspends Service in New York

Kraken Joins Exchanges Refusing to Apply for a BitLicense, Suspends Service in New York

San Francisco-based bitcoin exchange Kraken has announced the dismissal of its service in New York due to the state's BitLicense and strict regulations for financial exchanges. "Regrettably, the abominable BitLicense has awakened. It is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth. It's at least a 40-man, bro," the Kraken team wrote on their blog. According to the Kraken team, some of the reasons for their decision include no user-support from New York banks, no guarantee of enforcement against unlicensed....


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Quotes

Of our 49 billion, we haven’t moved any to Bitcoin.

Warren Buffet, CEO of Berkshire Hathaway