New York bill seeks to legalize Bitcoin and crypto for state payments | CryptoTvplus
A proposed bill in New York seeks to legalize crypto, such as Bitcoin, as a method of payment to the state.
If passed, the bill would permit users to use certain cryptocurrencies for payments, including Bitcoin and Ethereum, though the state might impose an extra service charge.
Seeking to modernize state transactions, a New York politician has unveiled a proposal that would authorize government agencies to accept crypto payments, signaling a growing embrace of blockchain technology in the public sector.
Clyde Vanel’s Assembly Bill A7788 proposes a legal amendment that would allow New York state departments to begin accepting digital currencies as valid payment methods.
Under the bill’s proposed changes, state institutions could…
