Tag: state obligations

New York is contemplating a bill that would permit residents to utilize cryptocurrencies like Bitcoin and Ethereum for state-related payments, including taxes. The model legislation, dubbed Assembly Bill A7788, has been introduced by Assemblyman Clyde Vanel. Cryptocurrencies for any payments they need to make. This proposal could pave the way...

The New York State Assembly is taking an important lead by considering Bill A7788. This legislative proposal would allow state agencies to begin accepting cryptocurrency payments. Assemblyman Clyde Vanel was the bill’s primary sponsor to amend the state’s usury laws. This amendment will pave the way for the state to...