This was in their criticism of the existing BitLicense and calls for it to be scrapped. The way it was stated at a recent event, the removal of the BitLicense will benefit the industry and New York itself.

The cryptocurrency sector has always had to navigate the complexity of laws at various levels. This has included outright bans in certain countries, laws that make it harder to transact business, and just the complexities of dealing with regulators. The latest aspect of crypto laws to receive attention is New York's BitLicense.

All About The Bitlicense

Introduced back in 2015, the BitLicense is, as the name suggests, a license that is required for digital assets transmitters to operate, specifically in the state of New York. While it was introduced as a way to ensure uniformity and co

See Full Page