Florida Governor Lists Crypto Tax Payment Plans

Florida Governor Lists Crypto Tax Payment Plans

The Florida governor has proposed plans to allow citizens to pay their taxes in cryptocurrencies such as Bitcoin.

Based on a news release from Invezz, the state of Florida will be looking at ways to implement Bitcoin payments for services, especially taxes. At an event held on March 21, Florida Governor Ron DeSantis signed a bill addressing the financial literacy of high school students.

During the speech, he said Florida is also working to implement blockchain technologies, especially crypto payments for goods and services, and urged the government to find out whether companies would be interested in “paying taxes in cryptocurrency.” Florida”.

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While Florida has been quite crypto-friendly, there has been no actual progress in state adoption of cryptocurrencies. However, the city of Miami has been embracing blockchain technologies for quite some time and even hopes to become a global crypto hub.

With Miami Mayor Francis Suarez already receiving some of his salary in Bitcoin, New York Mayor Eric Adams had received his first salary in crypto in January in an effort to raise awareness among local citizens about digital assets and blockchain technologies.

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Dom Z. – Crypto Analyst, BitDegree

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