North Carolina proposes to allow the use of cryptoassets for tax purposes
2025-04-11 06:01:00
North Carolina lawmakers have introduced the Digital Asset Freedom Act (H.B. 920), which would allow the use of crypto assets for tax purposes and other economic transactions. The bill requires qualified digital assets to have a market capitalization of at least $750 billion, a daily trading volume of at least $10 billion, and more than 10 years of open market operation history and censorship resistance. At the same time, it requires decentralization, no pre-mining, no internal distribution, 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 treasurers to invest in bitcoin and invest part of their pensions in crypto assets.
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