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Florida Planning to Take Crypto for Tax Bills
Last Updated: March 24, 2022
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Florida’s governor has proposed plans to allow citizens to pay their taxes in cryptocurrencies like Bitcoin.
Based on a news report by Invezz, the Florida state will be looking at ways to implement Bitcoin payments for services, specifically taxes. At an event held on March 21st, the Governor of Florida Ron DeSantis signed a bill regarding the financial literacy of high school students.
During the speech, he mentioned that Florida is also working on implementing blockchain technologies, especially crypto payments for goods and services, and urged government figures to find out if businesses would be interested "to pay tax in cryptocurrency to Florida."
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While Florida has been quite crypto-friendly, there hasn’t been any actual progress in the state’s adoption of cryptocurrencies. However, the city of Miami has embraced blockchain technologies for quite a while and even hopes to become a global crypto hub.
With the Mayor of Miami Francis Suarez already taking a part of his salary in Bitcoin, New York’s Mayor Eric Adams had received his first paycheck in crypto back in January in an attempt to bring awareness to digital assets and blockchain technologies to local citizens.
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