New York Targets 0.2% From Each Crypto Trade, Traders Risk Fee Drain

TLDR: Proposed 0.2% tax on crypto sales and transfers starts Sept 1, 2025 to fund upstate New York school programs. New York Assembly bill A08966 targets digital asset transactions, including NFTs and cryptocurrencies. Tax falls on seller or transfer-actor of digital assets, shifting compliance burden to users and platforms. Funds from crypto tax will back [...]

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