New York Bill Proposes Cryptocurrency Payments for State Obligations
- A New York State Assembly member has proposed a bill to allow state agencies to accept cryptocurrencies as payment.
- The bill targets popular digital currencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- Payments could be made for fines, taxes, rent, and other obligations using digital assets.
- If approved, the law will take effect 90 days after being signed.
- State agencies may charge service fees for processing cryptocurrency transactions.
The proposed legislation by a New York Assembly member aims to integrate cryptocurrencies into state financial systems by allowing payments in Bitcoin and other digital currencies for various obligations. The law would become effective 90 days post-signature.
Source (2.6)https://hodl.press/new-york-proposes-paying-fines-and-taxes-with-cryptocurrency/?rand=24434
