A city in Canada is letting people pay taxes in Bitcoin

[bering]

Indeed this is good news and i'm glad to see if there are countries who decide to involved in crypto world because this necessary to increase development of crypto for globally but i was wondering how far this will be successfully helpfull for the people on that country

[Johnzky]

This is great for Bitcoin adoption! Innisfil, Ontario in Canada is now accepting property tax payments in Bitcoin:

https://www.youtube.com/watch?v=-YdQ2LOuduI&feature=youtu.be

Thats one good news on what has bitcoin reached,if i am not wrong i guess theres som states in america that accept also bitcoin like this!?sorry correct me if I’m wrong but  this is what we all need to happen the government will adopt cryptocurrency

[Pamadar]

This is great for Bitcoin adoption! Innisfil, Ontario in Canada is now accepting property tax payments in Bitcoin:

https://www.youtube.com/watch?v=-YdQ2LOuduI&feature=youtu.be

well, well, well that's really a great news! 
the next step would be introducing crypto for other governemnt payments including fees and penalties in crypto.

That's another ways to introduce this chain, allowing the government to initialize and make things clearer for those people who still in doubt from this new system of payment process, if this kind of adoptions will continue surely it will be more usable than we expected to happen.

[YoloBull]

This is still a local experiment, but this is good news!

Even though it's local it will be a huge shift in the collective consciousness when people start thinking about paying taxes in bitcoin, as (unfortunately) if you can't pay your taxes with it, adoption will be a lot harder to push. I'm really glad to see this development underway.

[LUCKMCFLY]

This is very positive and this is what progress should lead to all the countries of the world, Canada is giving a clear example of what could be the total adoption of payment, and it would be left to them to change directly to USD or Local currency or keep to see if the price rises and start to see profits.

I think that this type of news should pass through all the news channels of CNN, BBC, CBS, and all social networks so that they can get to know and reach more people. If we take into account the technological point of view, the advance is huge, because the transactions do not last to arrive, they are easy and safe to do, and it is impossible to steal ... I believe that this security helps people a lot to make their payments .

[MakeMoneyBtc]

This are definitely some great news especially because we are talking about a city from Canada, not a city from India or some kind of poor country where no one would actually use bitcoin as a payment. Of course we are not talking about a big city here but it's just the beginning and it looks promising

[mrdeposit]

Indeed we can count this as good news for both Canada based crypto traders and our community. Hope other countries will take a lesson from Canada government and will accept similar decisions on a governmental level.

[YoloBull]

Indeed we can count this as good news for both Canada based crypto traders and our community. Hope other countries will take a lesson from Canada government and will accept similar decisions on a governmental level.

Even at a local level it'd be really positive, until whole countries adopt it. At least now, at a local level, we have more power to affect the decision making process and push this idea through. That's where some of this change can happen now.

[Bagaji]

This is a good development coming to the crypto currency and if others country of the world will emulate Canada then adoption will be more more quicker as expected.

[Ultimist]

This is a great alternative. So the German government sees bitcoin as a prospect and this will clearly contribute to the development of the coin. So this is great news for us.

[YoloBull]

This is a great alternative. So the German government sees bitcoin as a prospect and this will clearly contribute to the development of the coin. So this is great news for us.

Glad to see Europe is onboard with it. America seems to be far too interested in controlling the monetary supply, rather than democratizing it for the people.

[pushups44]

This is a step in the right direction and another example of the growing legitimacy of bitcoin. Some states in the U.S. are also accepting bitcoin for the payment of taxes. It would be nice to see the IRS or its authorized payment processors welcome payment in bitcoin.

[YoloBull]

This is a step in the right direction and another example of the growing legitimacy of bitcoin. Some states in the U.S. are also accepting bitcoin for the payment of taxes. It would be nice to see the IRS or its authorized payment processors welcome payment in bitcoin.

Which ones are doing that? I have only heard about this town in Canada.

[Cuk0ng_bitc0in]

Canada is a good country for crypto places, the Canada government also accepts BTC for payment of property taxes. coinberry pay is the platform they use to pay taxes. there are 2 big companies that have to pay taxes using BTC. one of them is overstock.

[DreamStage]

This is very awesome that means crypto (bitcoin in this subject) is reaching a moment where there are not so many worries in taking Bitcoin as a payment transaction.
With this we are one more step closer to achieve full world wide potential on using Crypto as one of the main payment currencies

[Vaculin]

This is very awesome that means crypto (bitcoin in this subject) is reaching a moment where there are not so many worries in taking Bitcoin as a payment transaction.
With this we are one more step closer to achieve full world wide potential on using Crypto as one of the main payment currencies

Yes. This could be a great move for bitcoin and maybe after few years, the rest of the cities in canada will soon to accept bitcoin as a mode of payment. I think bitcoin being a global currency is now becoming real as years passed by. There are still good things to happen that awaits bitcoin so we should keep on promoting bitcoin the best way we can.

[Dreamchaser21]

A great country like Canada is always a good development in cryptocurrency. This mean that their government are willing to support this market, i would love to pay my taxes very conveniently. More cities will follow this one since bitcoin will not stop and it will go for more country just to be recognized well.

[AjithBtc]

A great country like Canada is always a good development in cryptocurrency. This mean that their government are willing to support this market, i would love to pay my taxes very conveniently. More cities will follow this one since bitcoin will not stop and it will go for more country just to be recognized well.

Canada is one among the wealthiest and the advanced country with less population. It is easy to manage as well develop things that add value to the government. As a part recently different thinking about the market have caused Canada and its citizens know about bitcoin and use with support from government.

[badger88]

coins exist for the completely opposite reason... to not* give them over to the gov guys.

pay your taxes in cdn yen/zimbabwe dollars... and HODL

nevar forget

 

[richjohn]

I am really glad that countries are giving a way to cryptos to prosper and grow. These small small initiatives will help in wide scale adoption. When people see the use of a decentralized currency, they adopt it or at least read about it. For initial stage this is enough for the crypto space.