alternatetext

Miami-Dade County, Florida, will’study the feasibility’ of paying taxes with cryptocurrency.

Date : 
    2021-10-28

Posted by : Crypstarter Team

Category : Blog, news

Time : 
    07:05:04

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.

Source: CoinDesk

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Crypstarter does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Crypto Coin

Coinbase

alternatetext

Tags

adoption

amazon

crypto

cbdc

china

coin

cbdc

crypto

amazon

adoption

revenues

Leave a Reply

Your email address will not be published. Required fields are marked *

Finance

Developers