New York State has become one of the first jurisdictions in the world to propose explicit licenses for companies wanting to carry out business in bitcoin.
The proposal, known as the "BitLicence" would require businesses to keep records of the identities and real-world addresses of their customers
to always have in its possession the amount of bitcoin that is owed to its customers
Sure....and as soon as the New York based banks are required to keep the entire amount of cash on hand that they owe to customers...... it will be a level playing field.
Oh....you mean it doesn't work that way and they need to loan them out.....no shit Sherlock.