Bitlicense is required for digital currency exchanges.
The BTS network provides backbone services to those exchanges.
So, the network should have the ability to serve the needs of any exchange that wants to be compliance with bitlicense.
Will the BTS network have these (optional) compliance widgets built in? or not?
Virtual Currency Business Activity means the conduct of any one of the following types
of activities:
5. controlling, administering, or issuing a virtual currency.
If CMX does anything remotely like this, then it needs a bitlicense.
Also, having a bitlicense might help inform the CMX development team about what kind of network add-on features they might create that would help their clients (like CCEDK and banx.io) be in conformity with their own need for a bitlicense.
User issued assets (what banx will be using) do include optional functionality to freeze, reverse and identify. These features can be locked on/off and unchangeable post-issuance
Market pegged assets (bitUSD etc) are not issued by anyone, they are the product of an agreement between any two parties, anywhere in the world. These assets can't be frozen or controlled.
AFAIK CMX has not issued a UIA or any assets that allow for control, only built the system which enables that functionality.
Although I don't think CMX need one, I do see how it may be profitable in the future for cmx to sell their knowledge of the application. And newcomers looking to be 'compliant'/obedient could potentially feel more comfortable due to that fact.
But if this is something that members or profit-seeking entrepreneurs want to see then I think it would be best to set up this bitlicense-entity as entirely separate to CMX.
Is there really a need for a bit-license trailblazer?