Are they based in New York? If not, they at least should have waited to trickle their dumping. I'm pretty sure the BitLicense is hurting the price more than Ethereum's dump.
I have not followed NY regulations closely. Can somebody please explain: if you live in New York, is there a reason to sell your btc before NY regulations will be introduced?
I don't tend to keep track of it myself but it seems to be a legal issue
Can check bitlegal to see why
It seems Circle would need to block new york as well as other companies.
Circle: BitLicense Would Force Us to Block New York Customers
Stan Higgins | Published on August 13, 2014 at 20:50 BST
Two top Circle executives have issued strong critiques of New York’s proposed bitcoin regulations.
In a new blog post, Circle CEO Jeremy Allaire says that the Boston-based bitcoin startup would move to block New York customers from using its service should the BitLicense proposal become law. His statement was echoed in a companion piece by company CTO Sean Neville.
Allaire is one of a growing crowd of industry leaders to weigh in on the controversial BitLicense system in recent weeks. Yet, Circle’s response marks one of the first times a bitcoin company executive has declared publicly that their business would refuse to provide services to New York customers because of the proposed regulatory framework.
The Circle CEO wrote in the blog post that the regulations are “technically impossible” to comply with, creating a radically more challenging environment for digital currency companies to operate in.
He concluded:
“Without some material changes, Circle will have no choice but to block New York customers from accessing our services.”
The full post included several proposals detailing how Allaire believes the BitLicense proposal could be made more inclusive, while better positioning the bitcoin industry for growth.
http://www.coindesk.com/circle-bitlicense-block-new-york-customers/Can check out more at bitlegal then checking under USA by clicking on it.
http://bitlegal.net/