Colorado to become first US state to accept cryptocurrency tax payments – By Samira Sadeque (The Guardian) / March 1, 2022
Governor says state will except crypto payments converted into a dollar value, which would then be deposited in the state’s treasury
Colorado is slated to become the first US state to accept tax payments in cryptocurrency, a move the governor’s office has described as the “next logical step on the path to digital statehood”.
Colorado’s governor, Jared Polis, who announced the effort last week, explained in a tweet that the state would accept crypto payments converted into a dollar value, which would then be deposited in the state’s treasury.
In a recent interview with CNBC, Polis said the payments will be processed by an intermediary and that program is expected to start by the summer. Polis said he hopes to expand the program to include other state business such as driver’s licenses and hunting licenses.
Polis, a former tech entrepreneur, has spoken at crypto conferences, talked to Wired about his ambitions to make Colorado a pioneering state for crypto and even proposed moving the state’s cattle brand system onto the blockchain.
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