Here’s a good post pointing out some of the shortcomings of the New York BitLicense… like the non-refundable $5000 application fee. Kind of locks out startups… which is the point, and why we need to build a Digital Currency Alliance with deep pockets. http://digitalmoneytimes.com/crypto-news/bitlicense-is-an-example-of-why-bitcoin-regulation-needs-to-be-worked-on/ Fred