New York is reported to soon accept Cryptocurrency such as Bitcoin and Ethereum as a payment method for state-related services. A new bill, Assembly Bill A7788, was recently proposed by Assembly Member Clyde Vanel. The bill seeks to amend existing laws to allow state agencies in New York to accept Cryptocurrency as a payment method.

If the bill is passed, individuals may be able to use Crypto to pay for various things such as taxes, fines, fees, rent, civil penalties, or other financial obligations owed to the state. The cryptocurrencies listed in the bill are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). This would potentially give New York residents more options when it comes to paying their obligations to the state.