New York State Could Accept Bitcoin & Crypto for Taxes & Fees

A new bill proposes allowing New Yorkers to pay state fees using cryptocurrencies like Bitcoin and Ethereum. Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, aims to amend existing law, permitting state agencies to accept digital currencies as payment options. This could mean using Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for tasks such as paying taxes, fines, rent, or penalties owed to the state.