Why does NYS suck so hard?

nice I just left 100k hours ago

seriously thought im googling this shit out of it rn
if u know let me know

man that will come back to bite you in the ass a few years down the road. the gov will eventually go after people, and you cant erase your blockchain history

I think I'm safe.. looks like the regulations target the crypto exchanges

Exempt
 Merchants or consumers that utilize virtual
currency solely for the purchase or sale of
goods or services, or solely for investment
purposes
 The development and dissemination of
software in and of itself *
 Superintendent Lawsky has consistently
reiterated that BitLicense is aimed at
“regulating financial intermediaries . . . not
regulating software development.”

Does Not Include
 Consumers that mine,
buy or earn as salary
virtual currencies, and (i)
hold those virtual
currencies for investment
or (ii) use them to
purchase goods or
services
 Miners
 Developers that merely
program and release
software for
decentralized currencies
that are not centrally
administered
 Document notarization
services that uses a
nominal amount of
bitcoin

Jews.

Dude, you need to check out the legislation from 2015. You have to go to an exchange plaza or virtual ATM designated for trading.

ethnews.com/new-york-coinbase-users-can-now-trade-ether

ETH and LTC are legal due to it being a contract based currency; - - essentially. Np there user.

^This post is OP.... still looking for LEGAL VERIFIED ways to trade... 3rd parties suck.

I have heard its best to "move to jurshey"

AKA P.O. Box in Jersey and your golden with Coinbase IIRC

>You have to go to an exchange plaza or virtual ATM designated for trading.
where do you read this? I've read through 5 articles don't know how recent and the law itself and it targets specifically the transaction businesses

cryptocoinsnews.com/final-new-york-bitcoin-regulation-released-bitlicense/

The most recent delegation.

Im checking into Coindesk and Coinwall... might have a way around it... Keep this thread going, NYS is so forwardly backwards a state, always posting regulations to keep the rich from bad trades, who can afford backdoors and lawyers from trading - that they shut out the middle class!!!

The article says literally nothing like what you just said are you high

>mfw I'm living in NY but a PA citizen

NY's crypto laws do suck big donkey dick tho I feel bad for ya bruh. Start tumbling those fuckers

Because of (((Wall Street))).

If you read the entire 5 paragraphs, it states you require a license to free trade BTC

No it says you need a license for operating a business which transmits cryptocurrency for fiat or fiat for crypto, quote or youre full of shit

Even if it is just exchanges that need to be licensed, it's still damning. You're limited to the 3 exchanges that have licenses and if they don't do a currency you want to trade in, too damn bad.

I guess, I used coinbase as my first choice which luckily had a Bitlicense for NYS. They sold BTC ETH and LTC. But as long as I can invest freely which is an exception in what they call "Virtual Currency Business Activity" (the illegal thing), I'm fine.

> Merchants or consumers that utilize virtual
currency solely for the purchase or sale of
goods or services, or solely for investment
purposes