The Assembly Bill A7788 introduced by Assemblyman Clyde Vanel proposes allowing New York state agencies to accept cryptocurrencies for payments, including taxes and fines. This legislation could mark a significant step in the integration of digital assets into public financial activities.
This proposal follows a series of recent cryptocurrency-related laws in New York, reflecting an increasing focus on the digital asset landscape. The bill also includes a provision for a service fee for cryptocurrency transactions, potentially influencing how state agencies manage such payments.
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