Florida Considering Bitcoin for Tax Payments, Governor Ron DeSantis Says
Florida Governor Ron DeSantis is working on plans to allow businesses in the sunshine state to pay taxes with crypto assets.
At a Tuesday press conference, DeSantis said that his state is positive to accepting digital assets for payments:
“I’ve told the state agencies to figure out ways, where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that. We’re working through that.”
DeSantis expressed his worries about Joe Biden’s recent executive order which leads to further research on the implications of the government issuing a central bank digital currency (CBDC). The Governor said CBDCs could form a threat to economic freedom:
“There’s a difference between a decentralized digital cryptocurrency like a Bitcoin and what some are talking about doing at the federal level to convert U.S. dollars into basically a digital currency.
I think there’s a lot of hazards with that, when that’s centrally controlled. I worry about the amount of power that would give someone in a central authority to basically be able to shut off access to purchasing certain goods. We’d be in uncharted territory.”
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Source: igaming
