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New York Legislator Proposes Cryptocurrency Transaction Tax to Fund Drug Abuse Prevention AI Summary According to PANews, New York State legislator Phil Steck has proposed a 0.2% tax on all cryptocurrency transactions within the state. The initiative aims to generate an estimated $158 million annually to support schools in combating drug abuse. Steck has clarified that stablecoins will not be exempt from this tax, and it will also apply to high-frequency trading. Additionally, the bill includes a tax on transfers between users' own accounts, raising concerns within the industry about regulatory details and potential disputes. If passed, the legislation would take immediate effect, although it has not yet entered the legislative discussion phase.

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New York Legislator Proposes Cryptocurrency Transaction Tax to Fund Drug Abuse Prevention AI Summary According to PANews, New York State legislator Phil Steck has proposed a 0.2% tax on all cryptocurrency transactions within the state. The initiative aims to generate an estimated $158 million annually to support schools in combating drug abuse. Steck has clarified that stablecoins will not be exempt from this tax, and it will also apply to high-frequency trading. Additionally, the bill includes a tax on transfers between users' own accounts, raising concerns within the industry about regulatory details and potential disputes. If passed, the legislation would take immediate effect, although it has not yet entered the legislative discussion phase.

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P2P USDT SCAM ALERT Pakistan Traders Beware! Just sharing my experience to save you from this trap 👇 What happened: Sold USDT via P2P → Got payment in Meezan Bank → Couldn’t withdraw from ATM showing “insufficient funds” → Bank said sender complained it was “mistaken transfer” → My money BLOCKED! 💸 The Twist: Contacted the buyer - he’s facing the SAME problem! Turns out it’s a scam chain targeting multiple people. How the scam works: ✗ Scammer buys your USDT ✗ Pays from compromised account✗ Files “mistake” complaint with bank ✗ Keeps your USDT while your money gets frozen ✗ Creates chain reaction with multiple victims 🔴 RED FLAGS: • Buyers offering above market rates • Payments from different name accounts • Too eager or rushing the trade ✅ STAY SAFE: • Trade only with verified high-rated merchants • Screenshot all conversations • Keep trade records for 3+ months • Trust your gut - if it feels wrong, cancel! Bottom line: This organized scam is hitting Pakistan P2P market hard. Don’t let easy money blind you to red flags! Share your P2P experiences below 👇 Let’s protect our community! #P2PScam #USDT #CryptoSafety #ScamAlert #P2P

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p2p usdt scam alert Pakistan Traders Beware! Just sharing my experience to save you from this trap 👇 What happened: Sold USDT via P2P → Got payment in Meezan Bank → Couldn’t withdraw from ATM showing “insufficient funds” → Bank said sender complained it was “mistaken transfer” → My money BLOCKED! 💸 The Twist: Contacted the buyer - he’s facing the SAME problem! Turns out it’s a scam chain targeting multiple people. How the scam works: ✗ Scammer buys your USDT ✗ Pays from compromised account✗ Files “mistake” complaint with bank ✗ Keeps your USDT while your money gets frozen ✗ Creates chain reaction with multiple victims 🔴 RED FLAGS: • Buyers offering above market rates • Payments from different name accounts • Too eager or rushing the trade ✅ STAY SAFE: • Trade only with verified high-rated merchants • Screenshot all conversations • Keep trade records for 3+ months • Trust your gut - if it feels wrong, cancel! Bottom line: This organized scam is hitting Pakistan P2P market hard. Don’t let easy money blind you to red flags! Share your P2P experiences below 👇 Let’s protect our community! #P2PScam #USDT #CryptoSafety #ScamAlert #P2P

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