North Carolina proposes to allow crypto assets to be used for tax payments

Odaily News North Carolina lawmakers proposed the Digital Asset Freedom Act (HB 920), which intends to allow the use of crypto assets in tax payments and other economic transactions. The bill stipulates that qualified digital assets must have a market value of at least $750 billion, a daily trading volume of no less than $10 billion, and a history of more than 10 years of public market operations and censorship resistance. It also requires decentralization, no pre-mining, no internal allocation, and no centralized 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 invest part of their pensions in crypto assets. (The Block)