Published on August 19th, 2015 | by bitcoin0
Genesis Mining Leaves Following BitLicense Deadline
It was only a matter of time until the BitLicense regulation started claiming more victims in the Bitcoin mining industry.
Genesis Mining, one of the very few legitimate cloud mining companies, will no longer accept customers from the New York state area.
Exit Genesis Mining Due To Regulatory Reasons
Genesis Mining, one of the very few legitimate Bitcoin cloud mining companies in existence today, has decided to pack up their business and no longer deal with customers residing in the state of New York.
According to the Genesis Mining statement, the company firmly believes this is the exact intention of BitLicense: stifling Bitcoin growth in New York.
Source: Genesis Mining Blog
Images courtesy of NYDFS, Genesis Mining,Shutterstock