New York Governor Signs Blockchain Innovation and Transparency Act

North Carolina Lawmaker Introduces Digital Asset Freedom Act

A bill aimed at promoting the growth of the digital asset industry in North Carolina has been introduced to the state's General Assembly. The Digital Asset Freedom Act, sponsored by Representative Jason Saine, seeks to create a favorable regulatory environment for the development and use of digital assets, including cryptocurrencies and blockchain-based technologies.

The bill proposes to exempt digital assets from certain state taxes, including sales and use taxes, and to establish a regulatory framework for the issuance and sale of digital assets. The legislation also aims to promote the use of digital assets for charitable purposes, by allowing non-profit organizations to accept donations in the form of digital assets.

According to Representative Saine, the Digital Asset Freedom Act is designed to encourage innovation and job creation in the digital asset industry, which he believes has the potential to drive economic growth in North Carolina. "This bill is all about creating a friendly environment for digital assets in North Carolina," Saine said in a statement. "We want to make it easy for people to invest in and use digital assets, while also ensuring that we're protecting consumers and maintaining the integrity of our financial systems."

The bill has been referred to the House Finance Committee, where it will be considered further. If passed, the Digital Asset Freedom Act would take effect on January 1, 2024.