How Statists & Regulators Turned New York Into a Bitcoin Hell Hole

How Statists & Regulators Turned New York Into a Bitcoin Hell Hole

New York regulators have issued just two BitLicense permits in the 18 months since the regulations became law, it has been revealed — while rejecting four. Patrick Murck: BitLicense ‘Put Industry Behind’. A Reuters request also revealed the BitLicense program has an application backlog of 15, with a lack of qualified staff blamed for the snail’s rate....


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What’s Cooking? Celebrity Gastronaut Gordon Ramsay Enters Metaverse With Hell...

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Beyond New York: What Lies Ahead for Bitcoin

According to the proposed 17th July bitcoin regulation from New York State, the public now has 45 days to comment and then a 45-day grace period prior to full adoption. But what's after 17th October? More importantly, what's after New York? The poor regulators are in a quandary. It's hard not to be sympathetic sometimes. They are practically in a no-win situation, because regulators must use their tools to regulate, but the more they do, the more they inadvertently encourage market-based responses. With the New York framework for bitcoin businesses, financial regulators need to demonstrate....