A proposal in North Carolina aims to allow the use of cryptocurrency for tax payments

2025-04-11 14:14:22

Collection

ChainCatcher news, North Carolina legislators have introduced the "Digital Asset Freedom Act" (H.B. 920), which aims to allow the use of crypto assets in tax and other economic transactions. The bill stipulates that eligible digital assets must have a market capitalization of at least $750 billion, a daily trading volume of no less than $10 billion, and a public market operating history of over 10 years with resistance to censorship. It also requires decentralization, no pre-mining, no internal distribution, and no centralized control. The bill does not specifically mention assets like BTC. Previously, the state had proposed several cryptocurrency-related bills, including allowing state treasurers to invest in Bitcoin and allocating part of pension funds to crypto assets.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.