Billionaire Investor Bill Ackman Calls For Better Regulations: New York BitLicense

10.02.2022 07:54
by Nina Petrov
2 min read

What seems to be obvious to all crypto and blockchain enthusiasts, overall, is clearly not to the authorities, still.

The clarity of regulations of cryptocurrency has become the major question of the global economy, and it is certainly a topic of importance to big investors.

Billionaire Bill Ackman has shared his frustration on Twitter, targeting the New York authorities, inviting them to optimize the BitLicense policy, created in 2015.

The policy is currently forcing all virtual currency businesses in New York to obtain the license before they can operate legally, which makes the market unfavorable.

As he says in his tweet, Bill Ackman is debating on leaving NYC, and is calling out for the mayor, Eric Adams, in his statement:

“We can’t lose any more New Yorkers. NYC is on its way to becoming a crypto center of innovation. Let’s remove barriers, create opportunities for growth and innovation, and help our state and city!”

Local policies must be thought all over if Adams wants to establish NYC as a blockchain innovation center.

 

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

Trending news

Subscribe and be in touch
Click here