CryptoWallCity vs MEXC Exchange

Florida will likely accept tax payments in cryptocurrencies.

Florida Governor Ron DeSantis said he is taking steps to allow companies to pay taxes with cryptocurrency.

The world has looked at BTC and other cryptocurrencies for their utility and value. As the whole world adopts crypto tape, Florida gets in on it too.

The governor’s comments came during a press conference at the Wesley Chapel, where he signed a bill on training financial literacy into law. The bill adds personal finance education to high school graduation requirements.

DeSantis said:

“It was kind of mentioned in some of the comments – cryptocurrency, for example – we are working and I’ve told state agencies, figure out a way that if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that.”

DeSantis specifically said that Florida is working to accept Bitcoin as a tax payment.

He also pointed to a provision he pushed for in his most recent budget proposal, which would allocate funds to experiment with the use of blockchain to optimize state functions. However, that did not pass the legislature.

DeSantis is contrasting his pro-crypto stance with state-controlled digital currency proposals being made around Congress. DeSantis said he believes there are many “dangers” associated with the federally controlled digital dollar.

“I worry about the amount of power that would be given to someone in a central authority that could essentially turn off access to buy certain goods. We will be in uncharted territory.”

DeSantis said he’s “very concerned” about the Biden Administration’s executive order on cryptocurrencies. The order urges central bank digital currency exploration in addition to directing financial authorities to develop policy recommendations regarding digital assets.

Dan Tapiero, founder of DTAP Capital and 10T Holdings also commented on the event:

“Not sure what could be more of a green light for institutions. A US state considering receiving taxes owed in bitcoin”

A few weeks ago, a US state also passed a bill on cryptocurrencies. Shows it is an emerging economic asset that is growing in popularity and has significant economic growth potential in the sectors that cover it.