Colorado is planning to accept cryptocurrency for tax payments.

Colorado will accept cryptocurrency for tax payments starting from this Summer. Reports have it that Colorado crypto holders will no longer be limited to making tax payments in fiat but would have the opportunity to also make payments in cryptocurrency conveniently.

While speaking to CNBC, Governor of Colorado Jared Schutz Polis confirmed that residents will be able to pay taxes in BTC. According to Polis, the state will use an intermediary to exchange it for U.S. dollars.

Colorado Exploring Other Use Cases of Cryptos

Read More

See also  Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining