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Kulafu
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February 25, 2018, 09:17:47 AM |
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There's a possibility that other state will follow. Seems cryptocurrency is getting its root in United State soil which good to those who are in the cryptocurrency community.
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albos
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February 25, 2018, 09:22:45 AM |
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Hope others will follow and they will start recognizing the cryptocurrency
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findingthemoon
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February 25, 2018, 09:23:44 AM |
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Crypto acceptance by governments is what will legitimize it enough to eventually bring it mainstream, I'm very glad there are forces within governments pushing for this as a lot of the recent news, particularly in Asia have been quite negative towards cryptocurrencies in general.
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dhemasm
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February 25, 2018, 09:27:12 AM |
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This is really very good news for crypto and certainly a positive step for cryptocurrency. If not mistaken Arizona senate is doing vote to use bitcoin in tax payments, So it seems the next state is arizona. Idk let hope more and more other states follow this policy.
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Nalbo
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February 25, 2018, 09:30:24 AM |
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This is good. And this shows US is still a great place for cryptocurrency, with difference in laws and ideas among several states, there's always a legal loophole for everyone to exploit.
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Dluretic
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February 25, 2018, 09:35:18 AM |
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This is undoubtedly a good news, taxing acknowledged that the bitcoin is legitimate, because i am so happy to see recently a growing number of countries the government plans to levy of bitcoin tax, I think would still be the bitcoin of the bull market in 2018!
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Dolarin
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February 25, 2018, 09:42:00 AM |
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Wow! It's so amazing! I hope that soon so will act the entire States! Then it will mean that cryptocurrencies are recognized by the government!
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Beerwizzard
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February 25, 2018, 09:46:13 AM |
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I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there). As the article say those cryptos will be sold within 24h so it is basicaly the same as selling cryptos by yourself for fiat and paying taxes with it (I bet some extra fee will be charged for all conversions). Anyway the most important thing will be the legal side of the question.
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BitChief
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February 25, 2018, 10:02:38 AM |
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Wow! It's so amazing! I hope that soon so will act the entire States! Then it will mean that cryptocurrencies are recognized by the government!
Yes very exciting to hear many new states considering accepting taxes in cryptocurrency, can't wait till other countries start moving in this direction. It will be very complicated for them to work out at first, but it is without a doubt a step in the right direction.
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Tambu (OP)
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February 25, 2018, 10:51:31 AM |
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This is really very good news for crypto and certainly a positive step for cryptocurrency. If not mistaken Arizona senate is doing vote to use bitcoin in tax payments, So it seems the next state is arizona. Idk let hope more and more other states follow this policy.
Arizona proposes first followed by Georgia. This is a good recognition for cryptocurrency. Hope United State will be the first to legalize the cryptocurrency by law. I believe if US will do this another nations will follow.
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etin06
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February 25, 2018, 11:02:46 AM |
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It soon interesting and I sign of good thing to come in the crypto community. If this is successful done am very confidence other states and countries around the world will follow. Crypto is a moving train the earlier you join in the better cos it's going to revolutionalize the world financial set and create a synergy between many countries economy.
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alyssa85
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February 25, 2018, 11:21:06 AM |
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I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there).
The reason these states are doing this is that they want to attract cryptoenthusiasts to them. At the moment there might be only a few people in Georgia who own crypto. But in five years time they might have attracted a nice taxpaying community to their state.
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Tambu (OP)
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February 25, 2018, 12:28:26 PM |
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I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there). As the article say those cryptos will be sold within 24h so it is basicaly the same as selling cryptos by yourself for fiat and paying taxes with it (I bet some extra fee will be charged for all conversions). Anyway the most important thing will be the legal side of the question.
It could be few but the action of Georgia is a huge leap for cryptocurrency to be recognized as legal in US. Yes that's the most important. If it will implemented it cause domino effect in US.
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Tambu (OP)
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February 25, 2018, 12:32:05 PM |
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Hope others will follow and they will start recognizing the cryptocurrency
Soon they will follow. Arizona just announced last two weeks then Georgia. We will wait then for some state to utter interest on cryptocurrency as tax payment.
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kolesozw
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February 25, 2018, 12:39:17 PM |
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A really good news will be to read that a big retails in US is accepting crypto's. They just are announcing that Georgia is open to the future. But this will not have any impact over the price and I don't think even a 100 people will pay their taxes in crypto.
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housebtc
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February 25, 2018, 12:55:36 PM |
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Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
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alyssa85
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February 25, 2018, 01:02:03 PM |
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Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
It's been recognised as an ASSET. But if you can pay your taxes using bitcoin, then it is a CURRENCY. That is the breakthrough.
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Tambu (OP)
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February 25, 2018, 02:13:29 PM |
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Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
It's been recognised as an ASSET. But if you can pay your taxes using bitcoin, then it is a CURRENCY. That is the breakthrough. I agree with Alyssa. And the other thing they drafted law that they will recognize the cryptocurrency as a currency.
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sourish
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February 25, 2018, 02:27:48 PM |
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With Putins endorsement, crypto education in highschools and colleges in brisbane, and now this acceptance, crypto seems to slowly form a ripple effect of acceptance in policy makers and government authorities around the world.
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