Colorado To Accept Bitcoin For State Taxes
Governor Jared Polis expects his state to accept bitcoin and cryptocurrency for tax-related purposes by the summer.Colorado will soon start accepting bitcoin as payment for taxes, Governor Jared Polis said in a Tuesday interview with CNBC.“We expect to accept crypto by this summer” for all of the state’s tax-related purposes, Polis said.Polis added that Colorado plans on enabling bitcoin and cryptocurrency payments for other state-related fees in the months following the taxes roll out. Soon enough, a Colorado resident might be able to pay for their driver’s license with bitcoin.“We’re a....
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Colorado residents will be able to pay their state taxes in cryptocurrency by the middle of this year, according to the state’s governor. The governor also said that the objective is to eventually accept cryptocurrency for all payments made in the state. Colorado Moves To Adopt Crypto In an interview with CNBC on Tuesday, Gov. […]
Colorado residents can now pay state taxes with bitcoin and cryptocurrency –– but only with a PayPal account.
The American state of Colorado will now accept cryptocurrency for tax payments, and residents of the city who wish to use this facility can finally start to do so. Governor Jared Polis recently announced this development. The provision to pay for taxes through digital tokens has now been made available on the state Department of […]
The U.S. state of Colorado is preparing to accept cryptocurrency for tax payments, said Governor Jared Polis. “We expect to accept crypto by this summer,” he said, adding that after tax payments, crypto will be accepted for other things like driver’s licenses or hunting licenses. Colorado to Accept Crypto for Tax Payments The governor of the U.S. state of Colorado, Jared Polis, talked about his state’s efforts to become the leader in cryptocurrency acceptance in an interview with CNBC Tuesday. Regarding his state accepting cryptocurrency for tax payments, he....
The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow "within a few months." Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022.In a Tuesday CNBC interview, Polis said crypto holders in Colorado could have the option of sending tax payments in digital currency, which the state would then convert back into fiat. The governor said that an unnamed intermediary would likely handle the exchange of....