Crypto Comes To Detroit: Residents Will Soon Pay Taxes With Digital Assets
By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit’s local officials. The initiative would be expected to run on a secure platform managed by PayPal. […]
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Detroit has had its share of hardships in the last century, but now it has found itself home to the Detroit Bitcoin Center (DBC). Daniel Bloch, a co-founder of the College Crypto-currency Network (CCN), and a DBC initiative leader or, as he likes to say, the “Chief Inspiration Officer” remarks that the DBC is destined to become the center of Bitcoin educational outreach and entrepreneurial collaboration for Detroit very soon. The DBC is expected to be up and running within the next month! With a 7,000 sqft generously donated by a Michigan Bitcoiner, the DBC hopes to engage the Detroit....
“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas. Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.In a white paper on the future of digital assets released on Wednesday, the Bahamas’ Office of the Prime Minister said the government will begin to “enable payment of taxes using digital assets” by working with the country’s central bank as well as the private sector. In....
A Miami-Dade County commissioner is exploring the feasibility of residents paying their taxes and fees in bitcoin and other cryptocurrencies.
The American city of Detroit has been suffering serious financial problems for a number of years, and now it seems to be under attack by cybercriminals, as well. In April, according to Detroit Mayor Mike Dugan, attackers froze the city’s database and held it for a ransom of 2,000 bitcoins, or nearly US$800,000 at the current Bitcoin exchange rate. Fortunately for the city, the databases were not needed by the city, and they did not have to pay the ransom. Along with its serious financial problems, however, Detroit has, according to officials, been under constant cyberattacks for a number....
A new resolution would establish a task force to study crypto in Miami-Dade county's public administration. A Miami-Dade County commissioner is backing a new resolution to allow residents to use cryptocurrencies like Bitcoin (BTC) to pay local taxes.According to a Thursday document acquired by The Miami New Times, county commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations, and Innovations Committee, calling for the establishment of a 13-member crypto task force.The task force would examine the feasibility of allowing residents to pay their county....