North Carolina Proposes Recognizing Cryptocurrencies for Tax Payments
- The “Digital Asset Freedom Act” allows cryptocurrencies for tax payments.
- Digital assets must have a market capitalization of at least $750 billion.
- A daily trading volume exceeding $10 billion is required.
- Assets must have been on the market for a minimum of ten years.
- Current legislation supports investing up to 5% of pension reserves in cryptocurrencies.
The proposed “Digital Asset Freedom Act” in North Carolina sets strict criteria, such as a $750 billion market cap, for digital currencies to be used in tax transactions, aligning with the state’s crypto-friendly policies.
Source (2.6)https://hodl.press/north-carolina-proposes-recognizing-cryptocurrencies-as-legal-tender/?rand=24434
