Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
New York State Legislators Propose Crypto Tax to Fund School Project
BlockBeats News, August 15th, according to cryptoslate report, New York legislators are considering a bill that would impose a tax on digital asset transactions.
The proposal was introduced in the state assembly on August 13th, with plans to implement a 0.2% consumption tax on the buying or transferring of digital assets such as Bitcoin and Ethereum starting in September.
According to the proposed bill, the tax revenue will be used to support the expansion of substance abuse prevention and intervention programs in schools across upstate New York. Individuals or entities facilitating these digital asset transactions will be responsible for paying this tax. If passed, New York will join the growing number of regions exploring dedicated taxation on digital asset activities.
You may also like
Will Robots Replace Humans? He Says No!
Binance Coin's Price Skyrockets 15x to All-Time High, Saved by Three Bull Market Lifelines
The organization has accessed the prediction market, but is stuck at the third stage
Head of crypto VC collective shrinks: a16z crypto fund management scale plummets by 40%, Multicoin cut in half
Arthur Hayes New Post: It's "No Trade" Time Now
Claude Opus 4.7 Review: Is It Worthy of the Title of Strongest Model?
DWF In-Depth Report: AI Outperforms Humans in Yield Farming Optimization in DeFi, But Complex Transactions Still Lag Behind 5x
The financial tricks of the crypto giant Kraken
When proactive market makers start to take initiative
Massive Whale Movement: Unstaking $84.96 Million in HYPE Tokens
Key Takeaways A crypto whale, known as TechnoRevenant, has unstaked approximately $84.96 million in HYPE tokens. The tokens…
ListaDAO Addresses Third-Party Contract Vulnerability Concerns
Key Takeaways GoPlus Security revealed a vulnerability in a contract resembling those of ListaDAO. ListaDAO confirmed that their…
Security Risks of Fake Ledger Nano S+ Devices Emerging Through Chinese E-Commerce
Key Takeaways Counterfeit Ledger Nano S+ devices are being sold on Chinese e-commerce platforms, posing significant risks to…
Wave of Cyber Attacks Hits DeFi Protocols Post-Drift Hack
Key Takeaways A significant $280 million attack on Drift Protocol set off a chain of security breaches across…
Tom Lee Says ‘Mini Crypto Winter’ Is Over, Sees Ether Above $60K
Key Takeaways: Tom Lee predicts Ether’s resurgence, projecting it to surpass $60,000 in the coming years. Bitmine suffered…
French Government Tackles Rising Crypto Safety Concerns
Key Takeaways: France is intensifying measures to counter the surge in crypto kidnappings and wrench attacks. Since early…
Europe’s Bitcoin Treasury Playbook Unlikely to Mirror US Strategy: PBW 2026
Key Takeaways: European firms are adapting unique Bitcoin treasury strategies due to distinct financial regulations and market dynamics…
Circle Confronts Lawsuit Over $280M Drift Protocol Hack
Key Takeaways: Circle faces a lawsuit for allegedly aiding in the transfer of $230 million in stolen USDC.…
Bitcoin Faces ‘Near-Term Selling Pressure’ Following Surge to $76K: CryptoQuant
Key Takeaways: Bitcoin reaches a multi-month high of $76,000, prompting increased deposits to exchanges. CryptoQuant identifies a peak…
App