Two top Circle executives have issued strong critiques of New York’s proposed bitcoin regulations.
In a new blog post, Circle CEO Jeremy Allaire says that the Boston-based bitcoin startup would move to block New York customers from using its service should the BitLicense proposal become law. His statement was echoed in a companion piece by company CTO Sean Neville.
Allaire is one of a growing crowd of industry leaders to weigh in on the controversial BitLicense system in recent weeks. Yet, Circle’s response marks one of the first times a bitcoin company executive has declared publicly that their business would refuse to provide services to New York customers because of the proposed regulatory framework.