North Carolina proposal to allow the use of crypto assets to pay taxes
Internet reports that North Carolina legislators have proposed the Digital Assets Freedom Act (H.B. 920), which intends to allow the use of crypto assets in tax and other economic transactions. The bill stipulates that qualified digital assets must have a market value of at least US$750 billion, a daily trading volume of no less than US$10 billion, and have more than 10 years of open market operation history and anti-censorship capabilities. They also require decentralization, no pre-mining, and no internal distribution and decentralized control. The bill does not explicitly mention specific assets such as BTC. Previously, the state has proposed a number of currency-related bills, including allowing state finance officials to invest in bitcoin and investing part of their pensions in crypto assets.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.