"200-8 (b)Each Licensee shall be permitted to invest its retained earnings and profits in only the following high-
quality, investment-grade permissible investments with maturities of up to one year and denominated in United
States dollars:
(1)certificates of deposit issued by financial institutions that are regulated by a United States federal or
state regulatory agency;
(2) money market funds;
(3) state or municipal bonds;
(4) United States government securities; or
(5) United States government agency securities."
This means "no holding onto excess liquitdity (profits) in BTC". You will have to denominate all business profits in fiat, pay the man his cut for doing business in his state, and then do with your remaining fiat as you like. But the state of NY seems to say you can't just pocket the BTC like it is property (what the IRS thinks it is) and walk away to pay the taxes another day. Bad news there....