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Can I engage in virtual currency business activity that does not involve New York or New Yorkers without obtaining a BitLicense?

Based on the provided documents, it appears that a BitLicense is not required for virtual currency businesses in Texas or Louisiana. However, virtual currency businesses in these states must obtain a license or registration to operate [2.1][4.2]. Additionally, virtual currency businesses in these states must provide required disclosures to customers, including a schedule of fees and charges, insurance coverage, and liability for unauthorized transfers or exchanges [3.1]. There is an exception to licensure for virtual currency businesses whose volume of virtual currency business activity in United States dollar equivalent of virtual currency will not exceed thirty-five thousand dollars annually, but they must still register with the department and pay a registration fee [4.4]. It is recommended to consult with a legal professional or regulatory agency in Texas or Louisiana for further guidance on the specific requirements for virtual currency businesses.In summary, a BitLicense is not required for virtual currency businesses in Texas or Louisiana, but they must obtain a license or registration to operate and provide required disclosures to customers. There is an exception to licensure for virtual currency businesses whose volume of virtual currency business activity in United States dollar equivalent of virtual currency will not exceed thirty-five thousand dollars annually, but they must still register with the department and pay a registration fee.