Too Long; Didn't Read
Apart from the nauseating and unimaginative use of the prefix “Bit” in yet another context, the idea of a <em>“BitLicense”</em> is completely absurd and unethical. It’s also guaranteed that this bad idea will face a robust and successful legal challenge that will remove the possibility of any sort of “BitLicense” from being required anywhere in the United States, potentially causing that country to become the centre of all Bitcoin business for the entire world.