New York is in favor of state payments with cryptocurrency. This is evidenced by a bill to legalize bitcoin and other digital assets in this area.

State legislator Clyde Vanel proposed Assembly Bill A7788, which seeks to “amend the state finance law to allow New York State agencies to accept cryptocurrency as a form of payment.”

If this bill is passed, state agencies would begin using bitcoin for the payment of “fines, civil penalties, rents, fees, taxes, rates, charges, revenue, financial obligations, or other amounts,” as well as penalties, special assessments and interest, and the collection of public funds.

The proposal must be sent to the Assembly Committee for review and then forwarded to the State Senate.

M.Pino

Source: cointelegraph

(Reference image: Traxer on Unsplash)

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La entrada New York proposes approval of state payments with cryptocurrencies apareció primero en Bitfinance.