So my state has this special law that makes it considerably more complex and costly for crypto-related business to operate. Personally, I, believe its because they see crypto as a direct challenge to the financial institutions in the state. Anyway, a few years ago I was fucking around on this site and ended up losing about $2500 in bitcoin to someone in a scam. Fortunately, I was able to get the person's IP address, real name, address, and eventually their facebook. They lived about an hour away in New Jersey. One of the first things I then did was call the NYPD and report the person, obviously. NY has the most bitcoin regulation in the country.
A detective and a uniform showed up at a my apartment and I had to handhold them through what would normally have been the entire investigation. I just needed them to go arrest someone and get my money back. Even if they didn't trust me and my judgement, there was at least an easy suspect to go look into before giving up.
I handed them all the evidence I had including transactions and conversations including posts by this person about windfalls and spending sprees. Anyways the cops heard bitcoin called their boss and got permission to bounce. I didn't even get a pretend investigation like when your moms looks under the bed for the boogeyman.
Ultimately the point I'm trying to make is Bitlicense=Bullshit.