New york city City Councilman Suggests Bitcoin Payments for Fines and Charges

New York City CouncilNew york city City Councilman Mark Levine has actually announced he will introduce a costs tomorrow that, if adopted, would move the municipality to accept bitcoin as payment for fines and costs.

The full bill would provide New York City the capability to “get in into arrangements” with funding agencies to permit it to accept bitcoin. Parking tickets and court costs would be amongst the products that would then be payable in bitcoin.

Levine, a democrat representing the 7th District in Northern Manhattan, is specifically passionate about developments in the bitcoin community, citing its appeal among more youthful demographics in statements to The New York Post.

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