TheStreet Crypto: Miami-Dade May Let Residents Pay Taxes in Bitcoin - The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more : vimarsana.com
A major Miami county wants to let its residents start paying taxes in cryptocurrency. A new proposal from South Dade's District 8 commissioner, Danielle Cohen Higgins, calls for a task force to look into the viability of letting residents pay their taxes in cryptocurrency. Residents of the county would then be able to pay for taxes, services and fees with Bitcoin, Litecoin and Ethereum. In making its case to the mayor, the resolution cites the growing increase in use of cryptocurrencies in the US and their adoption by private companies as forms of payment, either directly or indirectly. The resolution noted that the task force would also analyze crypto initiatives taken by other state or national governments.