I write this article as a resident of New York City, home of the Statue of Liberty, one of the most widely recognized symbols of America — the “land of the free”.

But, when it comes to Bitcoin, I don’t feel so free as a New Yorker.

New York State (NYS) is one of the most restrictive jurisdictions in the world in regard to Bitcoin. Since 2015, NYS has required companies that deal in the virtual currency marketplace to obtain a “BitLicense” in order to do business in the state. This license is both difficult and expensive to acquire. Bitcoin-only exchanges like River and Swan as well as long-standing, reputable crypto exchanges like Kraken cannot serve residents of NYS because…

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