Bloomberg Law
May 17, 2018, 2:06 PM UTC

Crypto Execs Snub New York Despite Blockchain Push

Michaela Ross

• Two major exchanges say they won’t restart in N.Y. without regulation revamp • Criticism at blockchain conference comes as city pushes new initiatives for tech

Not everyone loves New York.

Cryptocurrency exchanges and attendees at the world’s largest blockchain conference staged an impromptu airing of grievances against the state’s regulations May 15.

Executives from two of the industry’s most prominent crypto exchanges based outside the state—Kraken and ShapeShift AG—told an audience of several thousand people in midtown Manhattan that they wouldn’t restart operations in New York until licensing rules put in place in 2015 were axed. The state-granted license, ...

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