Eobot Bitcoin Mining Company Pulls out of New York State over BitLicense

BitcoinMiningSMEobot, a cryptocurrency cloud mining company, will not serve customers in New York State as of July 1, 2015, on account of the recently finalized New York State BitLicense requirements. “If you are residing in and/or accessing Eobot within the State of New York, U.S., please withdraw all coins and cease all mining with Eobot as of July 1, 2015, as we are ceasing all Eobot mining connections from within New York at that time,” the company announced on its website.

We regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this state place compliance and cost burdens upon Eobot that we believe are excessive.

Eobot another BitLicense victim

The announcement follows the closing of BTC Guild mining pool as of June 30, 2015 largely on account of the New York BitLicense. BTC Guild said the fact that BTC Guild is not in New York does not matter since it does business

Read more ... source: CryptoCoinsNews