Florida governor wants to enable tax payments in crypto

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Governor Ron DeSantis of Florida said on Tuesday that his office is working with state agencies to create a provision that allows businesses to pay their taxes in cryptocurrencies.

“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,” DeSantis said in a press conference Tuesday. “We’re working through that.”

Ron DeSantis, who has been a governor of Florida since 2019, made these statements during the signing of a financial literary bill that will require high school students to take a financial literacy course.

At the signing event, the governor was responding to several questions posed by the media, and mentioned that the state should adopt “something like a bitcoin and other cryptocurrencies.”

DeSantis is one of the several governors in the United States looking to adopt cryptocurrencies. A crypto-proponent, he made a similar proposal recently which would have administered funds to explore blockchain technology for some state-backed pilot programs. However, the proposal was rejected by the state legislature.

While DeSantis is certainly pro-crypto, he is a well-known CBDC critic. Comparing the polarizing nature of Bitcoin and CBDC, he noted that “centrally controlled” currencies present “a lot of hazards”. He said:

“I worry about the amount of power that would give someone — an essential authority — to basically be able to shut off access to purchasing certain goods. We’d be in uncharted territories.”

Florida governor wants to enable tax payments in crypto appeared first on Our Bitcoin News.

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