S 3626
Requires Department of Treasury to review and approve digital payment platform.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill directs the New Jersey Department of Treasury to evaluate and approve a specific digital payment platform, designed to support businesses that currently rely on cash transactions due to limited access to traditional banking services. The platform must be blockchain-based, secure, and compliant with state regulations, facilitating cashless payments and providing a traceable record of transactions. It aims to integrate these businesses into digital commerce while ensuring regulatory oversight and sales tax collection.
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