The Bitlicense (Bitcoin: A Visual History 02-05-B)
On June 3, 2015, the New York State Department of Financial Services (NYDFS) published the final version of its Bitlicense regulation, making it illegal to offer cryptocurrency services to New Yorkers without a license. At least 10 major exchanges, including Bitfinex, Kraken, and Poloniex, immediately move to exit the state in response to the new regulations, describing the framework as "unnecessary" and "stifling to innovation."
By the following year, only two Bitlicenses have been granted, to the wallet app Circle and the blockchain company Ripple. Over five years later, only 25 crypto companies are legally allowed to operate within the state.
As of June 2020, the NYDFS has released new guidance that aims to streamline the license application process and potentially reopen the state to more crypto industry players.
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About this Series
"Bitcoin: A Visual History" is a series of 21 illustrations and cinemagraphs commemorating remarkable people and landmark events throughout Bitcoin history. BVH is divided into 3 series of 7 illustrations each, with Series 1 dropping in late August 2020. Series 2 and Series 3 are scheduled to drop in the last quarter of 2020 and the first quarter of 2021, respectively.
Each illustration in BVH interlocks with the illustration immediately preceding it, and once completed, all three sets will form one massive unbroken chain of interconnecting illustrations.
Each segment is available as a 1-of-1 ultra-rare cinemagraph, or as a 10-of-10 limited edition illustration.
This series was created by CRYPTOPOP! with the support of WavesWorld.io.
About the Artist
Cryptopop.net is a project of artist Luis Buenaventura (@helloluis), and began in 2017 as an attempt to blend the esoteric and often opaque nature of cryptocurrencies with the accessibility of pop culture iconography. He has created artwork for Coindesk, CoinMarketCap, Litecoin Foundation, Monero Foundation, is a coauthor of The Little Bitcoin Book (@littlebitcoinbk), and is the founder of BloomX (@bloomxorg).
