In the cryptocurrency world, there is always a lot of dismay when governments or policymakers try to introduce some form of regulation. In the United States, the introduction of BitLicense has been discussed heavily in recent years. It now seems very similar guidelines might be making their way to as many as five additional states in the near future.
The BitLicense Concept is Still Alive
Although it has gone relatively quiet on the BitLicense front recently, that may not be the case for much longer, by the look of things. More specifically, it seems officials from various US states, together with the ULC, are preparing to introduce cryptocurrency guidelines across multiple US states. These guidelines will be in line with BitLicense, one of the most controversial forms of regulation in recent years.
To put everything into perspective, the BitLicense is considered to be stifling growth for cryptocurrency as an industry. It is also one of the main reasons New York-based residents can only access a handful of crypto exchanges…