There are two pretty ginormous exemptions in the regulation that allow transactions in virtual currency without a BitLicense: https://govt.westlaw.com/nycrr/Doc

There are two pretty ginormous exemptions in the regulation that allow transactions in virtual currency without a BitLicense: https://govt.westlaw.com/nycrr/Document/I85908c6b253711e598dbff5462aa3db3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)&bhcp=1 https://govt.westlaw.com/nycrr/Document/I85908c6b253711e598d...