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New York Bill Proposes Crypto Payments for State Services

  • New York Assemblyman Clyde Vanel has proposed a bill to allow state agencies to accept payments in cryptocurrencies.
  • The bill, if passed, would enable payments in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for taxes, fines, fees, and other financial obligations.
  • This move signifies a significant shift in how public sector agencies can integrate blockchain and digital assets.
  • New York could become a pioneer in state-level digital asset adoption if the bill gains traction.

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