It the bill is singed into law, cryptocurrencies like bitcoin, ethereum, litecoin and bitcoin cash will be allowed in New York for the payment of fines, civil penaltie, rents, rates, taxes, fees, charges, revenue, financial obligations or other amounts including penalties, special assessments and interest owed by the state agencies
The law is not only limited to the above-listed crypto assets; according to the amended law, there is room for everything and anything recognized as cryptocurrency to be accepted as payment, but which can be used to pay for anything should be determined by the agent/agency that is to receive the payment.
Which I pick a meaning like particular agent, landlord, or shop owner can decide to accept a particular crypto and have the right to also deny payment from any crypto as payment.
It's a good law allowing everyone to make their choice for what they want to use as an alternative payment option and not just limited to the traditional currency or the 4 aforementioned crypto assets.