But no problem, as long as they don't have NY tatooed over their forehead, they can simply acquire BTC via cash outside of NY city borders...just don't tell anyone you are a NY resident (or have Ebola or some other contagious disease)
Topic: Localbitcoins: Goodbye, New York (Read 1117 times)
Poor outcasts, them NY residents
But no problem, as long as they don't have NY tatooed over their forehead, they can simply acquire BTC via cash outside of NY city borders...just don't tell anyone you are a NY resident (or have Ebola or some other contagious disease)
But no problem, as long as they don't have NY tatooed over their forehead, they can simply acquire BTC via cash outside of NY city borders...just don't tell anyone you are a NY resident (or have Ebola or some other contagious disease)
This is what you get with fractured policymaking. New York won't be the only one though, California will probably take the same route
If they see its affecting bitcoin, then they might actually consider other states too. 
I'm afraid this is true , other states make the same mistakes by following New York and then its matter of time before some other countries to the same
Just because there is an example, that doesn't make it a right one
but we'll see how it plays out I guess
So here comes the attacks from us gvt. at the very least they want to end the anonymity of btc (not that the nsa couldn't already track btc users)
Nope. The U.S. Gov. has nothing to do with this. It is an NYC law. At the federal level the only rule is that you must pay capitol gains. Which is really the best rule we could have hoped for. Capitol gains is normally about 15% vs. income tax at about 30%.
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makes it a federal offense to sell virtual currency to people living in New York unless you have applied for the license.
There has got to be some sort of federal law, thus the us gvt involvement
I'm afraid this is true , other states make the same mistakes by following New York and then its matter of time before some other countries to the same
Just because there is an example, that doesn't make it a right one
but we'll see how it plays out I guess This is what you get with fractured policymaking. New York won't be the only one though, California will probably take the same route
I'm afraid this is true , other states make the same mistakes by following New York and then its matter of time before some other countries to the same
This is what you get with fractured policymaking. New York won't be the only one though, California will probably take the same route
That and a little problematic for those who live in New York.
the start of a bold move perhaps , I think after New York , other states might also try to emulate their respective law by doing so and this is a bad start if others follow
So here comes the attacks from us gvt. at the very least they want to end the anonymity of btc (not that the nsa couldn't already track btc users)
Nope. The U.S. Gov. has nothing to do with this. It is an NYC law. At the federal level the only rule is that you must pay capitol gains. Which is really the best rule we could have hoped for. Capitol gains is normally about 15% vs. income tax at about 30%.
Keep calm, cuz....
Concrete jungle?
Now it really is an ancient jungle.
Now it really is an ancient jungle.
the worrying part is that every Bitcoin seller in the New York area would need to apply for a BitLicense. That's a bit overkill imo.
i cant remember but there was another post about it i mean about some exchanges that move away from NY.
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
they were Kraken and bitfinex, which said no to that license, but it due mostly to cost for adopting it, i doubt they really are against what it is offering
but i was wondering couldn't NY citizens just use a proxy/vpn shit like that?
I don't think IP address is relevant, residence, fiscal residence, bank account, I think those are the relevant factors.
If I go to NY, I'll still be able to do my bitcoin business as none of those things are in NY.
i cant remember but there was another post about it i mean about some exchanges that move away from NY.
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
they were Kraken and bitfinex, which said no to that license, but it due mostly to cost for adopting it, i doubt they really are against what it is offering
but i was wondering couldn't NY citizens just use a proxy/vpn shit like that?
NY gov will be the biggest enemy for Bitcoin. Maybe they are too afraid about money laundring and something anon act.
wasn't there the same kind of warning on multipool.us... I didn't read the text, since it was only aimed at US miners....
NY has always had stupid licensing rules for money transfer since they protect Wallstreet lobbyists. Stop voting for Chuck Schumer
So here comes the attacks from us gvt. at the very least they want to end the anonymity of btc (not that the nsa couldn't already track btc users)
i cant remember but there was another post about it i mean about some exchanges that move away from NY.
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
obviously from my point of view they are doing what i would do if i was them, NY laws havent sense if you are running an exchange, at least for me.
Bitlicense is just like a pain in the a*s, in the otehr side i was expecting to see things like that...
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