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BitLicense — New York's Digital Asset License
The BitLicense, enacted by New York DFS in 2015, is the most comprehensive state-level digital asset license in the US, requiring any company providing virtual currency services to New York residents to obtain approval through a rigorous, 1-3 year review process.
Lens 2 · Regulatory Intelligence
New York's BitLicense: America's Most Demanding Crypto Regulatory Framework
New York's BitLicense (2015) remains the most stringent crypto business license in the United States. It covers virtual currency businesses operating in New York, requires extensive compliance infrastructure, and has been obtained by fewer than 50 companies in a decade.