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Is it legal in the US to incorporate in a different state to trade cryptocurrencies?

Bitcoin Stack Exchange

Bitcoin News / Bitcoin Stack Exchange 218 Views

I know this isn't specific to Bitcoin but I thought this community would know best. I live in New York where there are stringent rules about crypto trading.

I did a survey of 44 exchanges last weekend and found 23 of them blocked the US, whether by IP address or proof of identification / residence. Of the remaining 21, 3 allow US citizens but specifically block New York; 4 explicitly allow New York (obtained a BitLicense), and the remaining 14 were ambiguous.

As a New York resident, would it be legal to incorporate in a different state as a trading business?


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