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February 12, 2017, 09:32:39 AM |
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I did not follow this very closely or not at all to be precise, so maybe i lack some information or understanding, but consider this and correct me if i am wrong. The coast to get a license and stay licensed seem high at first, but you are operating legally and this gives you a great form of safety. If we want Bitcoin become big, then sooner or later big companies, that can handle the licensing and still make money, would emerge anyway. Sure this is bad for smaller companies and a hindrance, but it is good for Bitcoin. Bitcoin is still new to them and has to fight for everything, which might change with time. Other countries will make cheaper licensed that are easier to obtain and then business will go there. It will just take a while till we get where we want to be.
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