New York lawmakers are making headway in integrating cryptocurrency into public payment systems. Assembly Bill A7788 introduced by Assemblyman Clyde Vanel proposes amendments that would allow state agencies to accept digital currencies like Bitcoin and Ethereum for various public dues including taxes and fines. This move is a clear indicator of the state’s commitment to fostering blockchain technology and its applications.

With this legislation New York continues to position itself as a leader in cryptocurrency regulation following the introduction of another bill aimed at combating crypto fraud last month. The current proposal not only supports crypto payments but also includes a provision for a state service fee on such transactions ensuring that operational costs are covered.

As the bill moves to the Assembly Committee for further scrutiny its progress could significantly influence the future of digital asset transactions in government services. New York’s proactive approach could set a precedent encouraging other states to consider similar integration of modern payment technologies.

Assembly Bill A7788

Theya, a Bitcoin self-custody platform backed by Y Combinator, has launched Theya for Business, a new solution designed to help companies securely hold, manage, and operate on Bitcoin.

The platform is targeted at a broad range of organizations, including startups, mining firms, corporations, investment funds, and service providers. Theya for Business aims to simplify treasury operations by eliminating reliance on custodians and reducing the complexity of traditional multi-signature (multisig) wallet setups.

“With Theya for Business, we’ve built more than a vault—it’s your company’s Bitcoin operating system,” said Joe Consorti, Head of Growth at Theya. “Our platform is…

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Lomond School is set to revolutionize payment options for education by accepting Bitcoin starting this autumn making it the first school in the UK and possibly the globe to do so. Parents can pay school fees with Bitcoin which aligns with requests from both local and international families. The school ensures risk is managed through immediate conversion of Bitcoin to GBP partnering with FCA-registered CoinCorner and Musquet.

This initiative is announced at the national Bitcoin conference Cheatcode with speakers including the Winklevoss twins and Alex Gladstein. By integrating Bitcoin Lomond School addresses the global community’s demand enhancing convenience and reducing exchange rate uncertainties for international families. Claire Chisholm Lomond School’s principal cites the school’s history of pioneering changes that cater to a global audience.

With its innovative approach Lomond School continues its legacy of being a leader in education embracing technology that aligns with the needs of modern families and students. This strategic move is expected to attract forward-thinking families worldwide fostering a new era of financial transactions in education.

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