Bitlicense , the regulation created by the New York Department of Financial Services , has been widely criticized by the Bitcoin industry , and has lead to two major bitcoin businesses , Bitfinex and Kraken , having to leave the state . Bloomberg has announced that December 31 , 2015 is the deadline for all New York banks to withdraw their cryptocurrency balances they currently hold .
Bitlicense, the regulation created by the New York Department of Financial Services, has been widely criticized by the Bitcoin industry, and has lead to two major bitcoin businesses, Bitfinex and Kraken, opting to leave the state. Bitfinex has announced that August 15th, 2015 is the deadline for all New York residents to withdraw their cryptocurrency balances they currently hold.