Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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New York lawmakers have proposed a 0.2% sales tax on cryptocurrency transactions, potentially raising $158 million in tax revenue annually.
3days ago

According to Odaily Planet Daily, New York State Assemblyman Phil Steck has proposed imposing a 0.2% sales tax on cryptocurrency transactions, with the proceeds going to schools in upstate New York to help combat drug abuse. Chainalysis estimates the tax would generate $158 million annually, based on data from 2022 to 2023 and recent GDP statistics. ( Decrypt )