Austin to conduct a study on accepting Bitcoin and other cryptos for tax payments

The city of Austin in Texas might soon be joining the short but growing list of crypto-friendly cities in the United States. On Thursday, city councilors voted for a plan that will investigate the possibility of accepting cryptos such as Bitcoin (BTC) for tax payments. The move is part of the citys plan to become a crypto hub. The draft of resolution 55 noted that cities leading in innovation, such as Miami and New York, have researched using cryptocurrencies as a form of payment for taxes, fees, and employee salaries. Despite the regulatory uncertainties surrounding digital currencies,...



source: https://tokenpost.com/Austin-to-conduct-a-study-on-accepting-Bitcoin-and-other-cryptos-for-tax-payments-9561

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Source: NewsService