{"id":20582,"date":"2015-06-19T14:00:21","date_gmt":"2015-06-19T14:00:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=20582"},"modified":"2020-10-07T11:33:43","modified_gmt":"2020-10-07T11:33:43","slug":"bitlicense-shots-down-another-bitcoin-company-in-new-york","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitlicense-shots-down-another-bitcoin-company-in-new-york\/","title":{"rendered":"BitLicense Shoots Down Another Bitcoin Company in New York"},"content":{"rendered":"<p>If New York was Jurassic World, BitLicense would undoubtedly be its Indominus Rex.<\/p>\n<p>The highly constrained <a href=\"https:\/\/ktsl888.com\/2015\/06\/13\/how-will-bitlicense-pan-out-for-new-york\/\">New York Bitcoin regulatory framework<\/a> has apparently forced another local company to shutdown its operations. This time, it is Eobot, a Bitcoin cloud miner, which decided to take down its banners within New York, stating that the state\u2019s new license requirements are putting additional cost burdens on them.<\/p>\n<p>\u201cWe regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this state place compliance and cost burdens upon Eobot that we believe are excessive,\u201d the company notified on its <a href=\"https:\/\/www.eobot.com\/bitlicense\" rel=\"nofollow\">website<\/a>. It also reminded users to withdraw their funds and cease all mining contracts by the end of July 1, 2015.<\/p>\n<p>\u201cWe are ceasing all Eobot mining connections from within New York at that time,\u201d Eobot added.<\/p>\n<h2><b>The Other\u00a0Victims<\/b><\/h2>\n<p>Prior to Eobot, another Bitcoin mining company <a href=\"https:\/\/ktsl888.com\/2015\/06\/16\/bitcoin-miner-announces-closure-over-bitlicense-row\/\">BTC Guild<\/a> had experienced similar threats from BitLicense. In its final notice, the company had remarked on the unsettling gray areas of the New York Bitcoin regulation, saying that defending BTC Guild, in this case, would be completely irrelevant, since the cost of defending will surely surpass their business revenue. The company eventually decided to shutdown its operations in New York by June 30th this year.<\/p>\n<p>But perhaps it is not only the Bitcoin miners that are facing the heat from the new law. Earlier, popular Bitcoin exchange <a href=\"https:\/\/ktsl888.com\/2015\/06\/11\/bitcoin-exchange-shapeshift-shuts-down-ny-operations-protesting-bitlicense\/\">ShapeShift<\/a>\u00a0had also taken a revolting stand against the New York Department of Financial Services by deciding to suspend its operations in their state. As CEO Erik Voorhees states, their firm is specifically concerned about Identity Theft, the America\u2019s multi-billion dollar problem, which BitLicense openly promotes by forcefully extracting personal information from the Bitcoin companies.<\/p>\n<p>The voices against the BitLicense are undoubtedly growing inside the Bitcoin community, but have no proper coherence with each other as of now. On the other hand, NYDFS seems to be in no mood to make amendments in their concrete digital currency framework, which might isolate New York Bitcoin users from the rest of the US states.<\/p>\n<p>\u201cSpared no expense.\u201d Indeed!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If New York was Jurassic World, BitLicense would undoubtedly be its Indominus Rex. The highly constrained New York Bitcoin regulatory framework has apparently forced another local company to shutdown its operations. This time, it is Eobot, a Bitcoin cloud miner, which decided to take down its banners within New York, stating that the state\u2019s new license requirements are putting additional cost burdens on them. \u201cWe regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this state place compliance and cost burdens upon Eobot that we believe are excessive,\u201d the company notified on its website. It also reminded users to withdraw their funds and cease all mining contracts by the end of July 1, 2015. \u201cWe are ceasing all Eobot mining connections from within New York at that time,\u201d Eobot added. The Other\u00a0Victims Prior to Eobot, another Bitcoin mining company BTC Guild had experienced similar threats from BitLicense. In its final notice, the company had remarked on the unsettling gray areas of the New York Bitcoin regulation, saying that defending BTC Guild, in this case, would be completely irrelevant, since the cost of defending will surely surpass their business revenue. The company eventually decided to shutdown its operations in New York by June 30th this year. But perhaps it is not only the Bitcoin miners that are facing the heat from the new law. Earlier, popular Bitcoin exchange ShapeShift\u00a0had also taken a revolting stand against the New York Department of Financial Services by deciding to suspend its operations in their state. As CEO Erik Voorhees states, their firm is specifically concerned about Identity Theft, the America\u2019s multi-billion dollar problem, which BitLicense openly promotes by forcefully extracting personal information from the Bitcoin companies. The voices against the BitLicense are undoubtedly growing inside the Bitcoin community, but have no proper coherence with each other as of now. On the other hand, NYDFS seems to be in no mood to make amendments in their concrete digital currency framework, which might isolate New York Bitcoin users from the rest of the US states. \u201cSpared no expense.\u201d Indeed!<\/p>\n","protected":false},"author":50,"featured_media":20601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[535,638,640,952,5178,5248,5247,11,3841],"class_list":["post-20582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-exchange","tag-bitcoin-miner","tag-bitcoin-mining","tag-bitlicense","tag-btc-guild","tag-new-york-bitcoin-law","tag-new-york-bitcoin-regulation","tag-news","tag-shapeshift"],"acf":[],"yoast_head":"\n<title>BitLicense Shoots Down Another Bitcoin Company in New York<\/title>\n<meta name=\"description\" content=\"If 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content=\"2015-06-19T14:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T11:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2015\/06\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yashu Gola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yashu Gola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.\",\"url\":\"https:\/\/ktsl888.com\/author\/gola-yashu\/\"}]}<\/script>\n","yoast_head_json":{"title":"BitLicense Shoots Down Another Bitcoin Company in New York","description":"If New York was Jurassic World, BitLicense would undoubtedly be its Indominus Rex.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitlicense-shots-down-another-bitcoin-company-in-new-york\/","og_locale":"en_US","og_type":"article","og_title":"BitLicense Shoots Down Another Bitcoin Company in New York","og_description":"If New York was Jurassic World, BitLicense would undoubtedly be its Indominus 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He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.","url":"https:\/\/ktsl888.com\/author\/gola-yashu\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BitLicense Shoots Down Another Bitcoin Company in New York","url":"http:\/\/ktsl888.com\/news\/bitlicense-shots-down-another-bitcoin-company-in-new-york\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitlicense-shots-down-another-bitcoin-company-in-new-york\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2015\/06\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2015\/06\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png?fit=810%2C450"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Yashu Gola"}],"creator":["Yashu Gola"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin exchange","bitcoin miner","bitcoin mining","bitlicense","btc guild","new york bitcoin law","new york bitcoin regulation","news","shapeshift"],"dateCreated":"2015-06-19T14:00:21Z","datePublished":"2015-06-19T14:00:21Z","dateModified":"2020-10-07T11:33:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BitLicense Shoots Down Another Bitcoin Company in New York\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitlicense-shots-down-another-bitcoin-company-in-new-york\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitlicense-shots-down-another-bitcoin-company-in-new-york\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png?fit=810%2C450\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Yashu Gola\"}],\"creator\":[\"Yashu Gola\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin exchange\",\"bitcoin miner\",\"bitcoin mining\",\"bitlicense\",\"btc guild\",\"new york bitcoin law\",\"new york bitcoin regulation\",\"news\",\"shapeshift\"],\"dateCreated\":\"2015-06-19T14:00:21Z\",\"datePublished\":\"2015-06-19T14:00:21Z\",\"dateModified\":\"2020-10-07T11:33:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2015\/06\/BitLicense-Shoots-Down-Another-Bitcoin-Company-in-New-York.png?fit=810%2C450","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/20582"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=20582"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/20582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/20601"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=20582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=20582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=20582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}