Yes, but New York is going about it all wrong. Purposefully crippling the markets or genuinely ignorant of the damage these idiotic regulations will cause?
That is the question.
Bitcoin can't be regulated, it's against its nature.
Ofcourse you can regulate the exchanges, or how you tax it, etc... but you can't regulate it directly.
That's like regulating mathematics... not gonna happen.
Therefor, I hope that NYC loses all bitcoin related business... and that all the other states and countries that are much more bitcoin friendly get all the business and profit.
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