Florida Announces Plan to Accept Bitcoin Payments for State Taxes

The governor of Florida, Ron DeSantis, is looking to adopt the use of Bitcoin in the U.S. state. Last Monday, he announced that the “Sunshine State” is examining the potential of accepting Bitcoin as payment for state taxes. DeSantis issued instructions to state agencies to identify ways of enabling Bitcoin tax payments for companies that wish to do so.

“I’ve told the state agencies to figure out ways, where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that.

We will accept Bitcoin, we're working on doing that, for payments in the state of Florida,”

the politician said.

At the beginning of March, the state legislature passed a bill to deregulate crypto.

Miami, the state’s largest city, launched ‘MiamiCoin’ last year, and the city’s mayor, Francis Suarez, currently receives part of his salary in bitcoin. State authorities are also exploring Bitcoin salaries for state employees.

On the Flipside

  • DeSantis is preparing for the U.S. presidential elections in 2024.  

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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