In Arizona you will be able to pay taxes with Bitcoin

in bitcoin •  7 years ago 

Digital currencies so far have been used in some places to buy plane tickets, furniture, music and even pizza. But very soon, you can pay taxes with them too.
At least that seems to be decided by lawmakers in Arizona, USA. A decision that would revolutionize the way the state conceives and interacts with cryptomedies. A draft law that is expected to be adopted would recognize Bitcoin and other currency denominators currency status by not calling it a product any more. While a second law would make it possible for all Arizona taxpayers to settle their obligations to the state with Bitcoin.
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"The message we want to send to other states in the US and around the world is that Arizona is the right place for electronic money technology," Arizona State Congress representative Jeff Weninger said. According to him, this law would make it easier to pay taxes to people.
A Cambridge University study showed that in the world today there are about 5.8 million unique accounts of cryptomones. In 2010, the price for a Bitcoin was only 6 cents, while today it is estimated at $ 8,470.90. It peaked in December last year, valued at over $ 19.

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