Florida advances in its plans for companies to pay taxes with cryptocurrencies – DiarioBitcoin

Florida advances in its plans for companies to pay taxes with cryptocurrencies - DiarioBitcoin

Florida advances in its plans for companies to pay taxes with cryptocurrencies - DiarioBitcoin By DailyBitcoin Editor

The Governor of Florida reiterated that work is underway to allow businesses to pay taxes in cryptocurrencies.

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Florida Governor Ron DeSantis had announced in December 2021 that he wanted to allow the payment of state taxes with cryptocurrencies. But he did not remain in plan alone. According to report of Bloomberg progress is already being made to finalize it.

DeSantis reported that the state is working on its plan for businesses to pay taxes in cryptocurrencies.

“I told state agencies to look at ways where, if a company wants to pay cryptocurrency taxes to Florida, we should be willing to accept it,” DeSantis said yesterday at a news conference. “We are working on that”.

DeSantis has been embracing the state’s reputation as an emerging hub for cryptocurrency investment, with companies like Blockchain.com opening offices in Miami.

It is not the only one nor the first

It is worth noting that in the state of Florida, DeSantis is not the first ruler to be crypto-friendly. In fact, Miami Mayor Francis Suarez pioneered the issue last year, with a series of announcements and measures regarding crypto adoption in the city.

Suárez was the protagonist throughout 2021 of an energetic campaign in defense of Bitcoin and has been working to promote favorable policies for the crypto industry in that jurisdiction, including the payment of taxes. He also recently became the first politician in the country to receive his salary in Bitcoina move that others have now replicated.

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But, also, Florida is not the only state in the country that is promoting measures to promote the local cryptocurrency industry. Lawmakers and politicians in other US jurisdictions such as Wyoming, Texas and New York are also working for favorable regulations.

Concerned about Biden’s order

DeSantis, who has been said may be a potential 2024 Republican presidential candidate, said he was concerned about the executive order signed by President Joe Biden on March 9 that called for federal agencies to investigate a number of issues, including the pros and the cons of a government-launched US digital currency.

“There is a difference between a decentralized digital cryptocurrency like Bitcoin and what some are talking about doing at the federal level to basically turn US dollars into a digital currency,” DeSantis said and added:

I think there are a lot of dangers with that, when it’s centrally controlled. I am concerned about the amount of power that would give someone in a central authority to basically be able to close access to the purchase of certain goods. We would be in a territoryRiver unknown”.

Sources: Bloomberg, UToday, Archive

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WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

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