In the wake of the final draft of BitLicense two major Bitcoin exchange have announced their exit from New York and will not do business with customers there. 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 , 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 .