North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill
- North Carolina introduced a bill to allow crypto in tax and economic payments.
- Only digital assets meeting strict financial and technical criteria would qualify.
- The bill joins other state efforts to integrate cryptocurrency in public finance.
North Carolina lawmakers filed a new bill on April 11 that could allow cryptocurrency to be used to pay taxes and conduct other economic transactions.
Rep. Neal Jackson and two co-sponsors filed the legislation. If passed, it would significantly change how the state handles crypto assets.
What is the “Digital Asset Freedom Act” (HB 920)?
The bill, known as the Digital Asset Freedom Act (HB 920), seeks official recognition for digital assets as valid exchange mediums in North Carolina.
It specifies that crypto-based deals cannot be denied legal standing simply because they use crypto. This rule might open doors for wider public and private crypto use.
Related: No Crypto Tax? White House ‘Czar’ Shoots Down Transaction Fee
Why Do HB 920’s Strict Rules Seem Tailor-Made for Bitcoin Only?
However, qualifying crypto assets must meet tough standards: $750B market cap and $10B daily volume minimums are re…
The post North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill appeared first on Coin Edition.
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North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill
- North Carolina introduced a bill to allow crypto in tax and economic payments.
- Only digital assets meeting strict financial and technical criteria would qualify.
- The bill joins other state efforts to integrate cryptocurrency in public finance.
North Carolina lawmakers filed a new bill on April 11 that could allow cryptocurrency to be used to pay taxes and conduct other economic transactions.
Rep. Neal Jackson and two co-sponsors filed the legislation. If passed, it would significantly change how the state handles crypto assets.
What is the “Digital Asset Freedom Act” (HB 920)?
The bill, known as the Digital Asset Freedom Act (HB 920), seeks official recognition for digital assets as valid exchange mediums in North Carolina.
It specifies that crypto-based deals cannot be denied legal standing simply because they use crypto. This rule might open doors for wider public and private crypto use.
Related: No Crypto Tax? White House ‘Czar’ Shoots Down Transaction Fee
Why Do HB 920’s Strict Rules Seem Tailor-Made for Bitcoin Only?
However, qualifying crypto assets must meet tough standards: $750B market cap and $10B daily volume minimums are re…
The post North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill appeared first on Coin Edition.
Read More
Donald Trump Pushes Rate Cuts as Crypto Market Holds Steady at $2.79T