OTC Stockz
No Result
View All Result
Thursday, May 29, 2025
  • Login
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education
OTC Stockz
No Result
View All Result
Home Cryptocurrency

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

by Amex1
January 30, 2023
in Cryptocurrency
Reading Time: 2 mins read
0 0
A A
0
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
Share on FacebookShare on Twitter

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges,” and more.

Bill to Allow State Agencies to Accept Crypto Payments

New York State Assembly member Clyde Vanel introduced a bill Thursday that “establishes cryptocurrencies as a form of payment for state agencies,” according to the bill’s description on the New York State Senate website. Assembly Bill A2532 has been referred to the New York State Assembly Committee on Government Operations. According to its summary, the bill:

Establishes that state agencies are allowed to accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as payment.

The bill seeks to amend New York’s state finance law by adding “cryptocurrency as a form of payment.” The legislation defines cryptocurrency as “any form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank including but not limited to, bitcoin, ethereum, litecoin, and bitcoin cash.”

According to its text, the bill proposes authorizing state agencies to enter into agreements with individuals or entities to accept cryptocurrency “as a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts, including penalties, special assessments and interest, owed to state agencies.”

This week, Arizona State Senator Wendy Rogers introduced a similar bill to allow state agencies to accept cryptocurrency. She also launched a bill to make bitcoin legal tender in her state.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. We do not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source link

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

Tags: AgenciesBillBitcoinConsiderscryptocurrencyEstablishFormNewsPaymentRegulationStateYork
No Result
View All Result
  • Trending
  • Comments
  • Latest
NFT Frauds | How to Avoid Them in 2023

NFT Frauds | How to Avoid Them in 2023

January 30, 2023
COSM Stock – Retail investors are strongly supporting Cosmos Holdings Inc. (NASDAQ: COSM) at the moment.

COSM Stock – Retail investors are strongly supporting Cosmos Holdings Inc. (NASDAQ: COSM) at the moment.

November 29, 2022
Japan simplifies crypto listings to help local exchanges

Japan simplifies crypto listings to help local exchanges

December 31, 2022
The role of market makers in over the counter stocks (OTC Stocks)

The role of market makers in over the counter stocks (OTC Stocks)

March 6, 2023
3 Penny Stock Trading Strategies for Success

3 Penny Stock Trading Strategies for Success

September 7, 2023
In the world of penny stocks, keep an eye on Xcelerate, Inc. (OTCMKTS: XCRT Stock) as a leading Healthcare Services stock in 2023.

In the world of penny stocks, keep an eye on Xcelerate, Inc. (OTCMKTS: XCRT Stock) as a leading Healthcare Services stock in 2023.

August 25, 2023
PNC, JPM putting in final bids for First Republic in FDIC auction -sources By Reuters

PNC, JPM putting in final bids for First Republic in FDIC auction -sources By Reuters

May 1, 2023
First Republic shares plunge as report says bank set for FDIC receivership By Reuters

First Republic shares plunge as report says bank set for FDIC receivership By Reuters

April 28, 2023
Greenidge Generation Completes Deployment Of 9,150 Bitcoin Miners Of Which 6,914 Will Be Hosted With Core Scientific

Greenidge Generation Completes Deployment Of 9,150 Bitcoin Miners Of Which 6,914 Will Be Hosted With Core Scientific

April 28, 2023
Royale de Monte Carlo (OTCMKTS:LRGR) – Evaluating the Investment Potential with a New Strategic Focus Post-Merger

Royale de Monte Carlo (OTCMKTS:LRGR) – Evaluating the Investment Potential with a New Strategic Focus Post-Merger

April 26, 2023
Xcelerate, Inc. (OTCMKTS: XCRT) Announces PTO and PCT Filings For Surgical Devices

Xcelerate, Inc. (OTCMKTS: XCRT) Announces PTO and PCT Filings For Surgical Devices

April 21, 2023
Royale De Monte Carlo (OTCMKTS: LRGR) Vodka Introduces Cutting-Edge AI-Powered Store Locator to Enhance In-Store Sales and Revenue Growth

Royale De Monte Carlo (OTCMKTS: LRGR) Vodka Introduces Cutting-Edge AI-Powered Store Locator to Enhance In-Store Sales and Revenue Growth

April 12, 2023
OTC Stockz

Get the latest news and follow the coverage of OTC Stocks, Micro Caps, Cryptocurrency, NFTs and more from the top trusted sources.

CATEGORIES

  • Cryptocurrency
  • Micro Caps
  • NFTs
  • OTC Stocks
  • Stock Market
  • Stock Market Education
  • Trending
  • Writers Analysis

LATEST UPDATES

  • 3 Penny Stock Trading Strategies for Success
  • In the world of penny stocks, keep an eye on Xcelerate, Inc. (OTCMKTS: XCRT Stock) as a leading Healthcare Services stock in 2023.
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 OTC Stockz.
OTC Stockz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education

Copyright © 2022 OTC Stockz.
OTC Stockz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In