A new bill by proposed by two New Jersey assemblymen could mean tax and regulatory breaks for digital currency companies operating in the state. According to The Star-Ledger, the bill would lessen burdens for cryptocurrency companies in an attempt to incentivize job creation in the state. Proposed by Assemblyman Rai Mukherji (D-Hudson) and Assemblyman Gordon Johnson (D-Bergen), the 30-page bill would create a regulatory framework for digital currency companies to operate within as well. The bill comes two months after New Jersey’s Assembly Financial Institutions and Insurance committee held a two hour hearing about Bitcoin. The New Jersey Treasury officially recognized the digital currency in April when it wrote that digital currency transactions were subject to sales tax and would […]
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