Colorado governor says he expects state to accept tax payments in crypto by s...
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....
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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....
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. […]
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 […]
Colorado is set to accept tax payments in crypto. To some experts, it’s only a matter of time before other U.S. states follow suit. The governor of Colorado, Jared Polis, announced in February that the state government plans to allow residents to pay taxes in cryptocurrencies as early as the summer of 2022. To some experts, the move is both legitimizing for the crypto asset class and was expected to come in due time. In an interview, Polis said crypto holders in Colorado could have the option of sending tax payments in digital currency, with the state converting the funds back into fiat as....
Governor Jared Polis expects his state to accept bitcoin and cryptocurrency for tax-related purposes by the summer.