Arizona Plans on Accepting Bitcoin as legal means of Payments for taxes

[zycrypto]

The state of Arizona has initiated a legal process seeking the approval of a law that would allow its citizens the use of cryptocurrencies to comply with the payment of their taxes in a measure that apparently seeks to facilitate financial operations and provide more options and comfort for taxpayers.

In this way, those who have funds in cryptocurrencies would not have to go through third parties to change their funds in order to be able to pay. For now, the currencies that they expect to accept are BTC, ETH, and XRP (the 3 currencies with the highest marketcap and solidity in the ecosystem).

Read More: https://zycrypto.com/arizona-plans-accepting-bitcoin-legal-means-payments-taxes-penalties/

[squatz1]

It's a pretty solid move for Arizona, they've probably decided that they would make more money by accepting Bitcoin so this is a step in the right direction for BItcoin. I wouldn't call it a milestone in any way, cause they're just going to accept bitcoin and sell it instantly. They're not going to help the community in anyway, they're just apart of the people who want to use bitcoin for their own gain.

That's government.

[zingspeed]

This is a good news.Bitcoin will have strong growth and growth in the future.
Good news!

[BTCwin1]

That is good news for cryptocurrency markets.
But I still wondered. So what's the price of the tax for bitcoin? If bitcoin falls, how should the amount be calculated?

[Joyjit]

I heard another news that the leader of Chechnya bought some bitcoin for himself to stay updated with the evolution. I guess every government is now realizing that they can not stop this financial revolution. Good sign for the crypto world indeed. But most importantly, during the G20 summit this March, a global decision will be taken on the fate of cryptocurrency.