New York state agencies can accept cryptocurrencies like bitcoin and ethereum as payment.
New York A07788 amends the state finance law to allow state agencies to accept cryptocurrencies such as bitcoin, ethereum, litecoin, and bitcoin cash as payment. State agencies can enter into agreements with cryptocurrency issuers to accept these digital currencies for fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, or other amounts. The state may also require a service fee for cryptocurrency transactions.
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