- Florida Governor Ron DeSantis is lately working on a plan to start accepting taxes via cryptocurrencies.
- He highlighted that he has told the state agencies to figure out ways in which they should be willing to accept if a business wants to pay taxes in cryptocurrencies to Florida.
- Cryptocurrency space is witnessing mixed opinions from the officials; some are vehement critics, whereas most of them are being innovative.
Florida Governor Ron DeSantis is lately working on a plan to start accepting taxes via cryptocurrencies. The Crypto Industry in the US is witnessing a lot of mixed opinions. On the one hand, some are vehement critics of digital assets, whereas some are totally inclined to think of it as an innovation.Â
What did the Florida Governor say?
One such crypto supporter is the Governor of Florida Ron DeSantis, who has recently signified that he is working on a plan to facilitate businesses to pay taxes via cryptocurrencies.
This potential 2024 Republican Presidential candidate recently expressed his views at a conference. He highlighted that he has told the state agencies to figure out ways where if a business wants to pay taxes in cryptocurrencies to Florida, we should be willing to accept that.
Furthermore, last December, the Governor proposed an initiative to allow businesses to pay state fees using cryptocurrencies.
Some of the other Crypto enthusiasts are Francis Suarez, the Mayor of Miami, who earlier noted that he would receive all his salary in Bitcoin. And even Florida’s Gubernatorial elections candidate Nikki Fried has also proved her support by accepting crypto donations for her campaign.
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But the Governor has expressed his concerns regarding Biden’s Executive Order and a Central Bank Digital Currency. He noted there is a significant difference between a decentralized currency like Bitcoin and the digital dollar.
According to him, there are many hazards with that when that is centrally controlled. And that he worries about the amount of power it would give to someone in a central authority. They’ll basically be able to shut off access to buying certain goods. He said we’d be an uncharted authority.
Along with the Governor, Congressman Tom Emmer also expressed his concerns regarding the EO, saying it lacks the term decentralization, and a CBDC can create a China-like authority on the finances of common people.
Whereas Senator Elizabeth Warren is one of the critics of the asset class who has made several attempts by sending letters to the Treasury to carry out crackdowns on the industry.
These instances signify the mixed opinions of the officials, but most of them are innovation supporters and warmly welcome the idea of digital assets.
The post Allowing Businesses To Pay Taxes in Crypto? : Florida Governor Wants So appeared first on The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.
Source: https://www.thecoinrepublic.com/2022/03/23/allowing-businesses-to-pay-taxes-in-crypto-florida-governor-wants-so/