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    1. coinfeeds-bot on

      tldr; New York State Assembly member Phil Steck has proposed Assembly Bill 8966, which seeks to impose a 0.2% excise tax on cryptocurrency and NFT transactions. The revenue generated would fund substance abuse prevention programs in upstate New York schools. If passed, the tax would take effect on September 1. The proposal aims to balance public policy with economic innovation but risks driving crypto firms away, as seen with the 2015 BitLicense exodus. The bill is currently under review and must pass through committees, the Assembly, Senate, and governor’s approval.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. inShambles3749 on

      Or: „How New York will motivate crypto native people to relocate“

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