"Decentralized Currency Issuers May Still Require License"

https://coincenter.org/2015/02/our-initial-thoughts-on-new-yorks-revised-bitlicense-proposal/

This post makes a good point.

The BitLicense should add “centralized” as an adjective to describe the virtual currencies that it intends to regulate.

It is meaningless to try to control a decentralized virtual currency since it is virtually impossible.

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