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

Legislative Report: North Carolina legislators have proposed the "Digital Asset Freedom Act" (H.B. 920), aiming to allow the use of crypto assets in tax and other economic transactions. The bill stipulates that qualified digital assets must meet a market capitalization of at least $75 billion, daily trading volume of no less than $10 billion, and have over 10 years of public market operation history with resistance to censorship. Additionally, it requires decentralization, no pre-mining, no internal distribution, and no centralized control. The bill does not specifically mention particular assets like BTC. Previously, the state has proposed multiple cryptocurrency-related bills, including allowing state financial officers to invest in Bitcoin and investing part of pension funds in crypto assets. ()