New Jersey
Bitcoin States
New Jersey passed AB 1971 in 2024 to authorize the state to invest up to 10% of certain treasury funds in Bitcoin and digital assets. The Digital Asset and Blockchain Technology Act established a framework for state Bitcoin holdings. New Jersey is home to a dense concentration of financial services firms and has the highest per-capita income of any US state, giving it significant Bitcoin investor density. Several bills to accept Bitcoin for state taxes and fees were also introduced.
Details
- State
- New Jersey
- Status
- emerging
- Capital
- Trenton
- Country
- USA
- Notable
- Authorized up to 10% treasury investment in digital assets; dense financial services sector
- Income Tax
- Yes
- Legislation
- AB 1971 state BTC investment (2024)
- Abbreviation
- NJ
- Population Millions
- 9.3
- Bitcoin Reserve Bill
- Yes
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
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