New York bill proposes legalizing Bitcoin, crypto for state payments

The bill seeks to impose an additional state “service fee” for cryptocurrency payments, which may become available using Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.

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 form of payment.

It could permit state agencies to accept payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the bill’s text.

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