< IMG SRC = "/Uploads/Blogs/9a/55/IB-FRLTUE5N5N5_ACF86083.jpg" Alt = "in New York was offered to allow for penalties and taxes in cryptocurrencies"/~ 62. < P > Member of the New York Assembly Clyid Vanell & nbsp; nbsp; nbsp; nbsp; law that will allow government agencies to take cryptocurrencies as a payment form.

~ ~ < p > The law adds a new section to the current state of state finance. It allows New York state institutions to take cryptocurrency & mdash; Including bitcoin, Ethereum, Litecoin (LTC) and Bitcoin Cash (BCH). In particular, if accepted, it will be possible to pay:

< Ul Class = "wp-block-list" > < li > penalties;

< li > taxes;

< li > rent;

< li > Other Obligations & Rsquo; ~

< p > from the document it follows that institutions will be able to enter into contracts with cryptocurrency issuers or other persons who will provide such services. In addition, government agencies are entitled to charge a service fee, which will cover the costs of transactions processing, including the commissions of cryptopline providers.

< P > In the case of adoption, the document will enter into force 90 days after signing. During this time, the state institutions have the right to prepare the necessary regulations and infrastructure for the implementation of the provisions of the law.

< P > Earlier, New York Prosecutor General James & nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; US Congress calling for digital asset regulation legislation.

~ > 62 ~

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116