US State Georgia next in line to accept cryptocurrency for taxes

[Siren]

The US State Georgia considered to accept cryptocurrencies as  tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!

i guess it was this month when state of arizona has passed a bill to accept crypto as payment for taxes,and now state of georgia is on the line.we only needed atleast 50 states of america to assures us of sooner being legalized in us.but for now lets enjoy the credits of those states who has acknowledged this cryptocurrencies as mode of payments for governments.such a great and pleasant for us cryptonians

[lamorak99]

This is great news. More and more governments and businesses are starting to see the advantages of supporting crypto, even if they don't like the expansion of a global currency, they know there is just too much momentum to stop it.

[UsernameBitcoin]

This will help people and is good news.

Many people want to pay taxes to government but don't want to convert to cash everytime they pay tax. This will make it easy for crypto owners to pay taxes.

[habaratbu]

This is great you can especially when you are a trader you can pay your taxes using cryptocurrencies easily,if this will be approved a lot of traders wont have to worry paying big amount of taxes in their fiats,and this will open to the acceptance of cryptocurrencies in the whole state or AZ.And it might be the reason why most of the states in the U.S will accept cryptocurrencies.

[Mr. Thang]

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.

Legitimization does not exactly equate to crypto becoming mainstream but it would definitely bring some ease for the crypto users within the country. This may bring about some spotlight over crypto once the news would go out but it may not become as popular just yet. This has definitely brought some positivity over crypto since the country has chosen to be more open and accepting.

[waorana]

That an American state thinks of accepting cryptocurrencies to pay taxes is good news. We hope that there are other states that follow this example and that cryptocurrencies are increasingly used in the world

[Kulafu]

i have recently read the article that this is good news for cryptocurrencies users on that US state but at the end of article says this is not entirely advantageous for cryptocurrencies users because they should pay tax more expensive if use cryptocurrencies that they have to pay for tax payments and investment income tax

At the start it could be disadvantage but we should not look that in the picture of disadvantages but in the positive way. Acceptance from the government and making law to recognize the cryptocurrency is all matters. In the latter all will benefit on it. 

[Fantina]

the beginning is laid not only Japan and South Korea perceive the cryptocurrency but also America begins to believe

[carlisle1]

The US State Georgia considered to accept cryptocurrencies as  tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!

if this would be truthful,well US states sending us a message that they are not majority in every decision they releasing about cryptocurrency as i have read that arizona had passed the bill allowing theyre people pay taxes using bitcoin.this cause for a celebration as 2 great states favoring all of us in our journey

[lantan81383628]

News is a boon for encryption currency users, using encryption monetary pay taxes may actually lead to pay more taxes, because encryption currency as the price changes for tax payment, payment of capital gains tax and investment income tax.

I believe there will be a lot of countries that will accept encrypted currency.

[Tambu]

if this would be truthful,well US states sending us a message that they are not majority in every decision they releasing about cryptocurrency as i have read that arizona had passed the bill allowing theyre people pay taxes using bitcoin.this cause for a celebration as 2 great states favoring all of us in our journey

Cheer to that. If US legalize cryptocurrency by law other nation will left no choice but to follow. The action of these two states will awaken other states to consider the cryptocurrency as tax payment. This will boost the moral of crypto.

[Tambu]

News is a boon for encryption currency users, using encryption monetary pay taxes may actually lead to pay more taxes, because encryption currency as the price changes for tax payment, payment of capital gains tax and investment income tax.

I believe there will be a lot of countries that will accept encrypted currency.

I don't think so it will lead to a higher taxes because you will only pay tax according to the specified percentage of the law. If your tax is $10 then you will only give a crypto equivalent to $10. 

The main point here is the law that will recognize and protect the cryptocurrency from a bullish government.

[toolsmans]

Well, many that they want but so it does not reach the point. This issue can simply be put off for a long time, and not the fact that they will return to this issue.

[Tambu]

This will soon drew the attention of various countries, if the american states have begun to accept the bitcoin, and other countries will soon receive cryptocurrency market, and when all countries accept bitcoin, then another bull market.

Definitely it will draw attention to other countries. It’s good US open an opportunity  that other nations will compel to follow.
.

[VanKleiss]

The US State Georgia considered to accept cryptocurrencies as  tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!

Surely other states will follow this kind of action. Cryptocurrency has more benefits than it contribute than the  cons of it. I believe now they realize that cryptocurreny is best alternative than fiat in case the dollar inflate every year.

[Tambu]

The US State Georgia considered to accept cryptocurrencies as  tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!

Surely other states will follow this kind of action. Cryptocurrency has more benefits than it contribute than the  cons of it. I believe now they realize that cryptocurreny is best alternative than fiat in case the dollar inflate every year.

Definitely! not only the some of the state in US but other nations too. Hope cryptocurrency will be common and will accepted in South East Asia.

[Tambu]

At the end of the day, the adoption of cryptocurrencies will continue to increase day by day. The new always beat the old one. Conservative behavior and protective measures against development have never prevented innovations for a long time.

There are many Countries already open for cryptocurrency. Japan and Philippines are one of the example they welcome the cryptocurrency though not yet in the law.

[Tambu]

Cryptocurrency is getting into the nerve of every nation. France already made a recognition on BTC as a removable asset and lower the tax to 19% from 34%. If the majority of the progressive country recognizes the cryptocurrency I'm pretty sure other countries such the third world will follow the same fate.