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Lawsuit to Abolish BitLicense Moving to Highest NY Court



Theo Chino and his attorney Pierre Ciric have been trying to eliminate BitLicense almost since its enactment. Now they are pushing their case to The New York Court of Appeals, which is the highest court in the state of New York.

BitLicense Is Onerous and Too Intrusive

BitLicense was the first comprehensive virtual currency regulatory framework enacted in the United States. The New York Department of Financial Services (NYDFS) issued this regulatory framework. It requires that businesses transacting with virtual currencies must be licensed to operate with New York customers (retail or institutional) or otherwise operate in New York state.

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