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by: xpoolPosted on: April 13, 2025

New York Proposes Bitcoin Payments for Taxes and Fines

A groundbreaking move from New York signals a change in approach to digital assets. Assembly Bill A7788 proposes to allow residents to pay state obligations like taxes, rent, and fines using cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This unprecedented proposal could revolutionize the city’s financial landscape, and impact the broader US crypto ecosystem.

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