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New York bill proposes legalizing Bitcoin, crypto for state payments

A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.

Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.

It could permit state agencies to accept payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the bill’s text.

New York bill proposes legalizing Bitcoin, crypto for state payments

Source: Nysenate.gov

According to the bill, state offices could authorize crypto payments for “fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts,” as well as penalties, special assessments and interest.

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Cryptocurrency legislation is becoming a focal point in New York, with Bill A7788 marking the state’s second crypto-focused legislation in a little over a month.

In March, New York introduced Bill A06515, aiming to establish criminal penalties to prevent cryptocurrency fraud and protect investors from rug pulls.

Crypto-focused legislation has gathered momentum since US President Donald Trump took office on Jan. 20, with Trump signaling during his campaign that his administration intends to make crypto policy a national priority, as well as making the US a global hub for blockchain innovation.

Related: Illinois Senate passes crypto bill to fight fraud and rug pulls

New York may mandate state “service fee” on crypto payments

If passed, the bill would mark a significant shift in how New York handles digital assets. It would allow state entities to integrate cryptocurrency into the payment infrastructure used for collecting public funds.

The proposal also includes a clause allowing the state to impose a service fee on those choosing to pay with crypto. According to the text, the state may require “a service fee not exceeding costs incurred by the state in connection with the cryptocurrency payment transaction.” This could include transaction costs or fees owed to crypto issuers.

Assembly Bill A7788 has been referred to the Assembly Committee for review and may advance to the state Senate as the next step.

New York’s legislation comes shortly after the state of Illinois passed a crypto bill to fight fraud and rug pulls, after the recent wave of insider schemes related to memecoins, Cointelegraph reported on April 11.

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EU sanctions crypto entities for election interference, disinformation

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EU sanctions crypto entities for election interference, disinformation

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The EU has sanctioned multiple entities for using cryptocurrencies to evade restrictions, channel funds, and propagate pro‑Russian disinformation and election interference.

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Starmer says former Tory ministers have ‘serious questions to answer’ over Afghan data breach

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Starmer says former Tory ministers have 'serious questions to answer' over Afghan data breach

Sir Keir Starmer has said former Tory ministers have “serious questions to answer” about how the names of Afghans who worked with UK forces were exposed.

Nearly 7,000 Afghan nationals are being relocated to the UK after their names were accidentally sent in an email in February 2022, when Boris Johnson was prime minister, but the leak was only discovered by the British military in August 2023, when Rishi Sunak was PM.

A super-injunction, preventing the reporting of the mistake, was imposed that year in an attempt to prevent the Taliban from finding out about the leak.

The Conservative government at the time then started transporting thousands of Afghans to the UK in secret as they were in danger.

On Tuesday, the injunction was lifted.

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Victim of Afghan data breach speaks to Sky

Kicking off Prime Minister’s Questions, Sir Keir said: “Ministers who served under the party opposite have serious questions to answer about how this was ever allowed to happen.

“The chair of the defence committee has indicated that he intends to hold further inquiries.

“I welcome that and hope that those who are in office at the time will welcome that scrutiny.”

The data breach saw a defence official accidentally release details of almost 19,000 people seeking to flee Afghanistan after the return of the Taliban.

Conservative leader Kemi Badenoch avoided mentioning the data breach, but Lib Dem leader Sir Ed Davey said it was “shocking” how it had been kept secret for three years.

Sir Ed said the prime minister will have the Lib Dems’ support if he decides to pursue a public inquiry.

Mr Healey’s Tory predecessor, Sir Ben Wallace, said he makes “no apology” for applying for the initial four-month injunction and insisted it was “not a cover-up”.

The scheme, which had been kept under wraps until yesterday, has so far cost hundreds of millions of pounds.

However, the total cost to the taxpayer of existing schemes to assist Afghans who are deemed eligible for British support, as well as the additional cost from the breach, will come to at least £6bn.

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Afghans being relocated after data breach

Earlier, Defence Secretary John Healey told Sky News he is “deeply uncomfortable” with the government using a super-injunction to keep the massive data breach hidden.

He said: “I’m really deeply uncomfortable with the idea that a government applies for a super-injunction.

“If there are any [other] super-injunctions in place, I just have to tell you – I don’t know about them. I haven’t been read into them.

“The important thing here now is that we’ve closed the scheme.”

Mr Healey was informed of the breach while in opposition, and earlier this year he commissioned a review that led to the injunction being lifted.

He said “accountability starts now” and added Labour had to deal with the risks, court papers, intelligence assessments and different schemes when they came to power last summer before they could lift the injunction.

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CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

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CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

The Digital Asset Market Clarity Act isn’t perfect, but Congress should pass it this summer to establish the US as the global leader in digital asset regulation.

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