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Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment. If the bill in New York Assemblyman Clyde Vanel introduced a bill that would allow state agencies to accept cryptocurrencies. Vanel also proposed bills to explore blockchain Establishes that state agencies are allowed to accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as payment. A2532 (ACTIVE) - Bill Text download pdf A measure that would allow state agencies to accept cryptocurrencies as a means of payment for fines, civil penalties, taxes, fees, and other charges imposed by the A new bill has been introduced to the New York State Assembly seeking to amend the existing financial law and establish cryptocurrencies as an acceptable form of Un proyecto de ley presentado a la Asamblea de Nueva York el 26 de enero permitiría a las agencias estatales aceptar criptomonedas como forma de pago de multas A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto. New York State Assemblyman Clyde Vanel (D

New York Senate Bill Could Make Crypto Legal Payment for State Services

Could you soon pay your New York state taxes or fines with Bitcoin? A new bill, Assembly Bill A7788, is making its way through the New York legislature that could allow just that. Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment. This groundbreaking legislation is spearheaded by New York State Assemblyman Clyde Vanel (D'.

Assembly Bill A7788: Crypto Payments in New York State

Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a valid form of payment. The bill, also referenced as A2532 (ACTIVE) - Bill Text download pdf, aims to modernize payment options for New York residents. The key provision Establishes that state agencies are allowed to accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as payment.

If passed, this means New Yorkers could use cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to pay for a variety of state services. This includes a measure that would allow state agencies to accept cryptocurrencies as a means of payment for fines, civil penalties, taxes, fees, and other charges imposed by the state.

Clyde Vanel: Leading the Charge for Blockchain Innovation

New York Assemblyman Clyde Vanel introduced a bill that would allow state agencies to accept cryptocurrencies. Vanel also proposed bills to explore blockchain technology further. His commitment to innovation aims to position New York as a leader in the digital asset space.

What Does This Mean for New Yorkers and Crypto?

A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto. This could be a game-changer for crypto adoption in the state. A new bill has been introduced to the New York State Assembly seeking to amend the existing financial law and establish cryptocurrencies as an acceptable form of payment for state services.

Mientras tanto, Un proyecto de ley presentado a la Asamblea de Nueva York el 26 de enero permitiría a las agencias estatales aceptar criptomonedas como forma de pago de multas y otros servicios estatales.

Stay tuned for updates as the bill progresses through the legislature. This could be a major step forward for cryptocurrency in New York!

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