I doubt whether the 'exodus' will make a difference as most of the larger operators have applied.
I think cost was a major consideration for those who did not apply
The application costs $5,000, which alone does not necessarily seem excessive. But executives say that the paperwork was extensive and required legal help, which carries additional fees. Jaron Lukasiewicz, CEO of Coinsetter, tells Fortune his company spent nearly $50,000 to apply for the BitLicense. George Frost, chief legal officer at Bitstamp, told Coinbase it was more like $100,000 for his company. If either of those figures is remotely accurate, that cost would certainly be prohibitive for smaller companies.
Have to agree with Paul Puey...
Paul Puey, CEO of Airbitz, wrote, “Luckily at Airbitz, we aren’t affected… With all the companies announcing these restrictions today, it should remind the community of the importance to be, and to support, decentralization. Bitcoin was intended to give people true control and access to their money and every time we use a centralized service, we aren’t truly using Bitcoin.”
