News
The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions.
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Bills News
A bill is a request to pay money owed. As cryptocurrency has become widely spread, a lot of platforms allowing people to pay bills in Bitcoin or any other altcoins have appeared. Paying bills using Bitcoin is an innovative process with many advantages, such as fast and convenient transaction processing and the luxury of now needing to leave home. Besides that, related to bills requesting financial structures are considering the implement of blockchain technology in order to have distributed and transparent system with which the loss or damage of any information about a payment will become impossible and, with a special digital key, the access to a user's bill history will be available at any place and time.
- News
The bill aims to set regulatory standards for crypto firms operating in the state and curb "deceptive practices" associated with recent memecoin scams.
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North Carolina lawmakers have introduced twin bills in the House and Senate which could see up to 5% of crypto assets allocated to state retirement funds.
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Senator Cynthia Lummis reintroduced the BITCOIN Act in the 119th Congress, bringing on new co-sponsors and changes to the landmark bill.
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Utah lawmakers have passed a Bitcoin bill after amending it to remove a section that would have authorized the state treasurer to invest in Bitcoin.
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New Hampshire’s Bitcoin bill will now be voted on in the House after its House commerce committee voted in favor of the bill in a 16-1 vote.
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US Senator Cynthia Lummis expects progress toward a Bitcoin reserve to be slower at the federal level.
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Legislation that would allow Utah to invest in Bitcoin has been passed by a state Senate subcommittee and has already made it through the House.
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Montana has passed a Bitcoin reserve bill at the subcommittee level, making it the fourth US state to advance a related bill to the House.
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House Bill 1217, introduced by Representative Ben Keathley, aims to establish a Bitcoin reserve fund for Missouri and mandate crypto acceptance for state payments.
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North Dakota’s lawmakers have introduced a bill aimed to combat crypto ATM transactions after 103 state residents reported $6.5 million in losses to crypto scams in 2023.
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The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections.
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VanEck said a US Bitcoin reserve could slash the national debt if the cryptocurrency increases to $42.3 million a coin by 2049.
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Ohio has become the third US state behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state treasury.
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Users can pay bills with cryptocurrency directly from their crypto wallet or using a payment processor acting as an online crypto payment gateway.
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