A business license granted for the activities involving virtual currencies is BitLicense. It contains a set of regulations that are issued by the New York State Department of Financial Services (NYSDFS). In order to regulate the digital currency like bitcoin, the framework of this regulation covers those that are located, reside, conducts business or have a business place in New York.
What does BitLicense actually Means?
It is described here :
https://coingape.com/what-is-bitlicense-why-its-important/
