NYC Mayor Eric Adams said the BitLicence was a “high barrier” for firms to jump which made the state less competitive and stifled innovation.
which would place a two-year ban all on all new proof-of-work cryptocurrency mining facilities using carbon energy.BitLicensed firms must pay assessment fees
to cover the cost of regulatory operating expenses incurred by the DFS, placing possibly tens of thousands of dollars a year extra in fees on firms. “It is imperative that we work with the state lawmakers and regulators,” Adams said “I’m really happy to see Governor Hochul is leaning into this industry as we examine what are the bureaucratic issues that we need to look at.”
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