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Crypto Tax Hits NY—0.2% on Every Sale or Transfer
NY Bill Would Tax Crypto & NFT Transfers—0.2% Excise on Every Move!
New York Assembly Bill 8966 proposes a 0.2% excise tax on all “digital asset transactions,” including crypto and NFTs—effective as soon as September 1, if passed. Net proceeds will fund substance abuse prevention programs in upstate schools.
Why It Matters:
Makes NY one of the first states to directly tax crypto activities per transaction.Could discourage frequent trading and reduce on-chain volume.Sets the stage for broader state-level taxation of digital assets.
$BTC
$ETH
$XRP
Impact or innovation—do you support this new crypto tax? comment, like, share and follow!
#Binance #cryptotax #NY @binance @Bitcoin
New York Assembly Bill 8966 proposes a 0.2% excise tax on all “digital asset transactions,” including crypto and NFTs—effective as soon as September 1, if passed. Net proceeds will fund substance abuse prevention programs in upstate schools.
Why It Matters:
Makes NY one of the first states to directly tax crypto activities per transaction.Could discourage frequent trading and reduce on-chain volume.Sets the stage for broader state-level taxation of digital assets.
$BTC
$ETH
$XRP
Impact or innovation—do you support this new crypto tax? comment, like, share and follow!
#Binance #cryptotax #NY @binance @Bitcoin
🚨 BREAKING — NY Fed Alert
The New York Fed just held an emergency meeting over rising liquidity issues.
Last time this happened, they injected massive liquidity into the system.
If money printing returns, it could be very bullish for crypto. 👀🚀
#NY
The New York Fed just held an emergency meeting over rising liquidity issues.
Last time this happened, they injected massive liquidity into the system.
If money printing returns, it could be very bullish for crypto. 👀🚀
#NY
🇺🇸 Former New York City mayor launches his own NYC token.
Former New York City mayor Eric Adams announced that this project is intended to fund the fight against antisemitism and anti-Americanism, as well as to educate children about blockchain.
• Adams has long supported cryptocurrency and even received his salary in BTC.
• He promised to issue Bitcoin bonds for New York, but never did so.
• Under his leadership, the Digital Assets Office was established.
• His time in office was accompanied by scandals and an investigation by the Department of Justice.
The market capitalization of the NYC token rose to nearly $600 million before dropping 80%, with a significant portion of liquidity being withdrawn.
#Nyc #NY #tocen
Former New York City mayor Eric Adams announced that this project is intended to fund the fight against antisemitism and anti-Americanism, as well as to educate children about blockchain.
• Adams has long supported cryptocurrency and even received his salary in BTC.
• He promised to issue Bitcoin bonds for New York, but never did so.
• Under his leadership, the Digital Assets Office was established.
• His time in office was accompanied by scandals and an investigation by the Department of Justice.
The market capitalization of the NYC token rose to nearly $600 million before dropping 80%, with a significant portion of liquidity being withdrawn.
#Nyc #NY #tocen
CRYPTO SUMMIT IN NY
New York City is hosting a powerful cryptocurrency summit to attract investors with $1 trillion in assets and solidify its position as a global leader in digital financial innovation.
On April 23, Mayor Eric Adams and Chief Technology Officer Matthew Fraser will host 'New York City's first crypto summit,' marking a significant step in the city's strategy to lead in digital finance. Scheduled for May 20, the event will bring together prominent figures from the cryptocurrency, blockchain, and fintech sectors.
On April 23, Mayor Eric Adams and Chief Technology Officer Matthew Fraser will host 'New York City's first crypto summit,' marking a significant step in the city's strategy to lead in digital finance. Scheduled for May 20, the event will bring together prominent figures from the cryptocurrency, blockchain, and fintech sectors.
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