Florida Governor Reveals Plan to Permit Crypto Tax Payments

Speaking at a press conference, Florida Governor Ron DeSantis disclosed plans to roll out a cryptocurrency payment option for businesses remitting taxes, as reported by Bloomberg. 

DeSantis pointed out:

“I’ve told the state agencies to figure out ways, where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that. We’re working through that.”

The governor has been responded to the call that the state is one of the emerging hubs for cryptocurrency investment, given that leading crypto companies like Blockchain.com have set foot in Miami.

DeSantis also proposed to have businesses submit state fees in cryptocurrencies in December.

As a prospective 2024 Republican presidential candidate, DeSantis has showcased his crypto-friendly approaches. For instance, he highlighted his reservation for government-owned digital currencies based on the power they would render the controlling authority compared to decentralized cryptocurrencies like Bitcoin. 

DeSantis stated:

“There’s a difference between a decentralized digital cryptocurrency like Bitcoin and what some are talking about doing at the federal level to convert U.S. dollars into basically a digital currency.”

He added:

“I think there are a lot of hazards with that when it’s centrally controlled. I worry about the amount of power that would give someone in a central authority to basically be able to shut off access to purchasing certain goods. We’d be in uncharted territory.”

Miami has made Florida get the limelight, given that Mayor Francis Suarez has embraced cryptocurrencies in distinctive ways. 

In November last year, Suarez revealed he would accept his total salary in Bitcoin, Blockchain.News reported. The mayor promised to have part of his retirement package disbursed in the digital currency a month later.

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