Tag: new york

Large Bitcoin exchanges halt their activity in New York following negative framework

While there are countries such as the United Kingdom and Australia showing a ton of support towards Bitcoin integration, there are also certain regions which seem to be against it. One example is New York, where recent legislative framework requires all bitcoin-related business to pay the sum of $5,000 for what’s known as a Bitlicense. In response to this abusive law, two of the largest Bitcoin exchanges in the world …
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BitLicense Drives Another Bitcoin Startup out of NY

US based cryptocurrency exchange Poloniex recently became the third Bitcoin start up to relocate away from New York. The decision took place in response to the restrictions imposed by BitLicense, which heavily limits Bitcoin business and stifles start ups within the state. Poloniex is a relatively small cryptocurrency exchange, however BitLicense still requires the company to pay a $5,000 application fee in order to operate their exchange within New York. This fee …
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Bitcoin-only Coffee Shop Opens Its Doors in Manhattan

There are  a lot of Bitcoin enthusiasts who feel there should be some store where they only accept Bitcoin, instead of using it as an alternative payment method. While most people share that same sentiment, you have to keep in mind it might currently not be financially viable to do so. But that isn’t stopping anyone from trying, as Manhattan will get its very own Bitcoin-only coffee shop soon. Coffee …
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