Will New York Abolish BitLicense?


A bill to Abolish BitLicense in New York?

“NOTWITHSTANDING ANY OTHER  LAW, RULE OR REGULATION, NO  PERSON, CORPORATION, PARTNERSHIP  OR OTHER ENTITY THAT CONDUCTS CRYPTOCURRENCY BUSINESS ACTIVITY SHALL BE REQUIRED TO PAY A LICENSING FEE IN ORDER TO CONDUCT SUCH CRYPTOCURRENCY BUSINESS ACTIVITY.”

These are perhaps the most beautiful and unexpected words for any New Yorker who has ever thought of having a business related to cryptos.

According to the official website of the NYS Senate, Democratic Senator Ron Kim has proposed a Bill which, should it become Law, would …

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