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The Plans of USA 2

addition to the 16 or so U.S. states that don’t require a license, has acquired licenses to operate in: Alaska, Florida, Georgia, Iowa, Kansas, Maryland, New Hampshire, New Jersey, New Mexico, Oklahoma, Oregon, Rhode Island, South Dakota, Vermont, and West Virginia.
The firm applied for a BitLicense in the spring and held initial meetings with the NYDFS, said Gregory. A spokesman added that the anticipated approval would be “in a few months from the NYDFS which administers the Bitlicense and the New York Money Transmitter License.”
Speaking to the “high barrier to entry” when setting up shop in the U.S, Gregory pointed out that setting up surety bonds in order to operate in each state is expensive, especially while having to wait to get a license application looked at, concluding:
“It makes it tough to disrupt some of the bigger exchanges that are already established.”
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