<ul><li>New York is considering a bill, Assembly Bill A7788, that would allow residents to pay state-related obligations using cryptocurrencies like Bitcoin, Ethereum, and Litecoin.</li><li>The bill grants state agencies the discretion to opt in for accepting cryptocurrencies for payments, such as fines, taxes, rent, and fees.</li><li>If passed, the law would go into effect 90 days after being signed and could potentially pave the way for mainstream cryptocurrency adoption within public infrastructure.</li><li>Although Attorney General Letitia James has expressed concerns about the potential risks associated with cryptocurrencies, the bill reflects a shift towards crypto integration and innovation in New York while also anticipating regulatory challenges.</li></ul>

New York May Adopt Bitcoin for Official Payments

Discover more