Councilman Mark Levine Further Explains the Benefits of His New York Bitcoin Bill
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....
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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 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....
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....
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....
Jonathan Levine Gallery, one of the more prestigious art galleries in New York City, is now accepting cryptocurrency payments in the form of Dash (Digital Cash). The choice for digital currency payments was made due to their instantaneous transactions and ease-of-use, compared to dealing with cash payments or bank transfers. The name Jonathan Levine Gallery is renowned in the New York area, as underground art with a unique counterculture point of view takes center stage at this location. Jonathan Levine, the man himself, has made quite a name for himself over the past two decades. His....