Bitcoin regulation will always remain a very touchy subject among industry experts. Although an official guideline for service providers helps legitimize cryptocurrency as a whole, there are some negative side effects as well. A group of Bitcoin enthusiasts now want to abolish the BitLicense altogether. Can we Abolish the BitLicense? It is safe to say the state of New York is not too cryptocurrency-friendly as of right now. This entire debacle dates back to the NYDFS introducing the BitLicense requirement for all Bitcoin service providers many years ago. Even though some companies successfully obtained their BitLicense – which comes at aPowered by WPeMatico