New York City Councilman Proposes Bitcoin Payments for Fines and Fees
New York City Councilman Mark Levine has announced he will introduce a bill tomorrow that, if adopted, would move the municipality to accept bitcoin as payment for fines and fees. The full bill would give New York City the ability to "enter into agreements" with financing agencies to allow it to accept bitcoin. Parking tickets and court fees would be among the items that would then be payable in bitcoin. Levine, a democrat representing the 7th District in Northern Manhattan, is particularly passionate about developments in the bitcoin community, citing its popularity among younger....
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Last Thursday New York City councilman Mark Levine introduced a bill petitioning for the city to accept bitcoin as payment for fines and fees. Levine opened up about the bill, which he says could be passed as early as June, in a new interview with CoinDesk, indicating that he believes New York City has a pressing incentive to begin accepting the payment method due to its cost advantages when compared to credit cards. The democrat from the 7th District in northern Manhattan recalls that it was this benefit that led him to introduce the bill, one that will now go through a process of....
New York State is the home of the BitLicense. In other words, New York is hoping for regulation amongst bitcoin businesses and entrepreneurs. The latest edition has recently made the news, and the final 30-day commentary period is now underway, giving the public a chance to read the document and voice their opinions one last time prior to its solidification. But now New York is suggesting something interesting... Rather, a New York City Councilman is really thinking out of the box, and to a degree, it just might work. Mark Levine, a councilman for the Big Apple, is suggesting bitcoin for....
New York City Councilman Mark Levine has recently presented a bill that will enable bitcoin to be used for payment of fees and penalties such as court costs and parking tickets. According to Levine, the bill is slated to save millions of dollars in transaction costs, which can get a little pricy through means such as credit cards. However, Levine is going further to explain his bill in greater detail (which could be passed as early as this June) and show the true benefits of bringing bitcoin to New York. Levine goes back a bit to explain the origins of the bill: "It started with realizing....
A few weeks ago, the New Hampshire House of Representatives saw a bill introduced which would compel the state to accept bitcoin for the payment of tax bills. Last week, Utah followed suit with a similar bill, although this one is merely to create a feasibility study about accepting bitcoin. Like New Hampshire’s, I doubt that this will be passed into....
Earlier this week a report surfaced suggesting that Pittsburgh, Pennsylvania, was considering accepting bitcoin as part of a bid to improve the ability of residents to pay local taxes, fines and fees. The move, as suggested by Let's Talk Bitcoin, would have made the 300,000-person city "the first municipality to accept bitcoin", a decision that could have had a potentially wide-ranging impact on other local governments in the US. However, in new statements to CoinDesk, city officials have confirmed that while "digital currency was indeed mentioned in one of the transition reports written....