Florida’s Miami-Dade County to ‘Study Feasibility’ of Paying Taxes With Crypto

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Miami-Dade County in Florida has authorised a decision to create a process drive to examine the feasibility of accepting cryptocurrency as a kind of cost for taxes.

  • The Cryptocurrency Task Force will supply suggestions round different potential insurance policies associated to crypto that might show advantageous, in accordance to an announcement Wednesday.
  • First and foremost, the duty drive will discover how Miami-Dade may settle for crypto as a way of cost for taxes, charges and companies.
  • The process drive additionally intends to meet with Cheyenne, Wyoming-based American CryptoFed DAO, the primary legally acknowledged decentralized autonomous group (DAO) within the U.S., and different legislators and regulators in Wyoming to focus on crypto and blockchain initiatives.
  • Wyoming has tried to entice funding in recent times via establishing itself as a crypto and blockchain-friendly state, passing laws in April to legally acknowledge DAOs, corporations whose governance is constructed on good contracts and the place resolution making is shared across the group.
  • The City of Miami is one other jurisdiction to have adopted such a stance, thanks to a point to its pro-crypto Mayor Francis Suarez.

Read extra: Is Crypto Miami for Real?