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New York regulating the BTC market


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NY is the worst, for gambling (including horse racing) and now virtual currency

 

 

I saw this on localbitcoins:

 

"

BitLicense changes
Dear user,
As of August 8th, 2015 the state of New York put regulation 23 NYCRR 200, known as the BitLicense, into full effect making it a federal offense to sell virtual currency to New York residents or businesses without a license.
This license is prohibitively difficult for individuals who engage in Bitcoin trading to acquire. Therefore, as a precaution to help protect those users selling Bitcoins in the US on our website, we’ve take the decision to not allow residents of New York to use our service.
Are you currently a resident of the state of New York in the United States of America? "
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Yis are you in NY ?  is there anything they don't regulate or tax the hell out of in that state ?

 

everything ridiculous in NY

 

horse racing they make any sites that take bets on NY races pay them 5%

 

 

so it's almost not worth it for horse sites to take NY customers

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