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why is ny so behind on crypto

Last Updated on July 31, 2023 by Paganoto

Why is New York excluded in so many cryptocurrency policies?

Why is New York excluded in so many cryptocurrency policies?

Because New York regulations (not JUST that Bitlicense thing, but mostly) are by far the most restrictive in the USA, and the COSTS make it prohibitive for many …

What to know about cryptocurrency, Eric Adams and NYC – NY1

What to know about cryptocurrency, Eric Adams and NYC – NY1

Mesidor referred to the state’s regulations as “hostile” to cryptocurrency trading. New York’s license is called a BitLicense, and currently …

Fight Looms Over New York's Bid to Slow Crypto-Mining Boom

Fight Looms Over New York's Bid to Slow Crypto-Mining Boom

Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at …

Crypto City: Guide to New York – Cointelegraph Magazine

Crypto City: Guide to New York – Cointelegraph Magazine

New York City is a notoriously difficult place in which to trade cryptocurrencies, as only exchanges that have been awarded a coveted BitLicense …

New York lawmakers pass first-in-nation cryptocurrency …

New York lawmakers pass first-in-nation cryptocurrency …

The bill, which is vociferously opposed by the cryptocurrency industry, is narrowly targeted at proof-of-work mining that utilizes behind-the- …

Cryptocurrency industry fights proposed NY moratorium. Here …

Cryptocurrency industry fights proposed NY moratorium. Here …

ALBANY, N.Y — New York is a burgeoning industry for Bitcoin due to its cheap energy and shuttered coal plants.

Kill the BitLicense – CoinDesk

Kill the BitLicense – CoinDesk

While New York City has become a buzzing center for the crypto community, the state’s regulatory framework is lethal for most crypto startups.

New York attorney general warns cryptocurrency industry

New York attorney general warns cryptocurrency industry

“Too often, greedy industry players take unnecessary risks with investors’ money, but, today, we’re leveling the playing field and issuing …

New York is close to a bitcoin mining crackdown – CNBC

New York is close to a bitcoin mining crackdown – CNBC

The state also has a chilly climate, which means less energy is needed to cool down the banks of computers used in crypto mining, as well as a …

Why does New York suck so much ass for crypto investors?

Why does New York suck so much ass for crypto investors?

This is entirely because of NY regulators. Specifically NYAG has made it clear they will attack crypto companies. The Bitlicense itself is …