Miami-Dade County, Florida, will’study the feasibility’ of paying taxes with cryptocurrency.
Posted by : Crypstarter Team
Category : Blog, news
The county’s Cryptocurrency Task Force will also make suggestions on other possible crypto-related policies that could be beneficial.
The county of Miami-Dade in Florida has passed a resolution establishing a task force to look into the possibility of accepting cryptocurrencies as a form of tax payment:
The Cryptocurrency Task Force will offer recommendations around other potential policies related to crypto that could prove advantageous, according to an announcement Wednesday.
First and foremost, the task force will explore how Miami-Dade could accept crypto as a method of payment for taxes, fees and services.
The task force also intends to meet with Cheyenne, Wyoming-based American CryptoFed DAO, the first legally recognized decentralized autonomous organization (DAO) in the U.S., and other legislators and regulators in Wyoming to discuss crypto and blockchain initiatives.
Wyoming has attempted to attract investment in recent years through establishing itself as a crypto and blockchain-friendly state, passing legislation in April to legally recognize DAOs, companies whose governance is built on smart contracts and where decision making is shared around the organization.
The City of Miami is another jurisdiction to have adopted such a stance, thanks to some degree to its pro-crypto Mayor Francis Suarez.
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