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Florida Residents Can Pay Taxes With Bitcoin

Published: 15/05/2018
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Up-to-date Blockchain and cryptocurrency news. Be the first to know!

What is it for?

Tax collectors began to cooperate with bitcoin payment solution provider BitPay to accept cryptocurrency payments for their services in Florida (USA).

 

Seminole Tax Collector (District of Florida) Joel Greenberg announced that his department will accept bitcoin and BCH as payment for identity cards, driving licenses, and license plates. It is also possible to pay a tax on property in cryptocurrencies. The tax administration decided to accept crypto to simplify payment procedures, to improve security, to reduce the risk of private information theft, and to ensure transparency of transactions.

 

Greenberg added that they aren’t afraid of price volatility, and don’t see any risks for the district. In his opinion, the implementation of cryptocurrencies will help to move public services structure from the 18th to the 21st century.

 

Joel Greenberg stated: "We live in a world where technologies make services available whenever requested, with same-day delivery and the expectation of a highly efficient customer service. We should expect the same from our government."

 

For BitPay, work with Seminole tax collectors is the first partnership with state organization, and Seminole tax office became the first government body to accept bitcoin and BCH, Greenberg stated. Head of Standards Compliance Department Jeremie Beaudry underlined that the tax department recognized blockchain advantages and its ability to improve the financial sphere, ensuring speed, cheapness, and payments security.

 

As previously reported, members of the Arizona House of Representatives supported the bill, according to which the tax fee may be levied in cryptocurrencies.

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