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Topic: Tax Collector to Accept Bitcoin (Read 1138 times)

newbie
Activity: 72
Merit: 0
November 19, 2018, 09:44:49 PM
Quite outstanding work for them considering the fact that cryptocurrency are a new tech and they managed to integrate it to an old system. Thumbs up for understanding that people also have an option to pay taxes in any way they want i.e., crypto. I hope other countries including mine follow suit.
The new breakthrough applied by Florida tax services may be followed by other regions, using bitcoin to pay taxes. Because this application indirectly recognizes bitcoin as a digital currency that is suitable for use by the state.
member
Activity: 952
Merit: 41
October 30, 2018, 02:21:03 PM
That is a good step in the right direction for cryptocurrency to be accepted for payment of tax shows that the world is gradually getting to embrace digital currency which will allow for smart and secured payment process, bitpay is a well known exchange which will guarantee safety in the whole process.
sr. member
Activity: 1246
Merit: 250
October 30, 2018, 02:15:24 PM
it looks like it's not needed, there are no additional fees or taxes when you save the bitcoin bitcoin that you have, whereas for payments like bitpay that accepts cryptocurrency payments it might just be a service fee that they provide to help your transaction.
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member
Activity: 350
Merit: 10
HiveNet - Distributed Cloud Computing
October 30, 2018, 11:22:25 AM
I think now BTC has been seen as a form of currency much better than the fiat currency in terms of security and also how fast its transactions are and are combining with the services they are providing. That's a good news to hear.
full member
Activity: 467
Merit: 100
October 30, 2018, 11:14:37 AM
Great news indeed and I think the BTC ecosystem is waiting for such of these great news and integration in the ecosystem. Many industries are integrating the blochcchain and accepting its payments in their systems and I think its the best thing.
member
Activity: 126
Merit: 15
Fast, Smart, Trustworthy
October 30, 2018, 11:11:33 AM
Although they accept bitcoin payments, I think they probably don't think of bitcoin as money, but as property. In some cases, taxes can be enforced through property, if taxpayers cannot provide legal property,tax officials have to accept some "valuable" means of payment.And this is not a common phenomenon, so I don’t think this case can be considered that tax officials recognize bitcoin,unless this is a common phenomenon.
member
Activity: 402
Merit: 10
October 30, 2018, 11:04:58 AM
I'm surprised it is florida that is leading the way rather than san fransisco. It's not like they will be claiming much from disney world, but all thise people in silicon valley are likely to be crypto payers
member
Activity: 257
Merit: 10
October 30, 2018, 11:02:24 AM
Pleased to hear this excellent news Florida tax collector have accepted bitcoin cash for paying taxes including other government fees that means all these refer to how the US government supports bitcoin and cryptocurrency to expand its working area. The US authority has made an example to others country for opening their eyes for the cryptocurrency.
full member
Activity: 2184
Merit: 184
Hire Bitcointalk Camp. Manager @ r7promotions.com
October 30, 2018, 10:36:36 AM
Quite outstanding work for them considering the fact that cryptocurrency are a new tech and they managed to integrate it to an old system. Thumbs up for understanding that people also have an option to pay taxes in any way they want i.e., crypto. I hope other countries including mine follow suit.
member
Activity: 532
Merit: 15
October 30, 2018, 10:32:22 AM
this is a really good news, it means Florida recognizes Crypto as Currency.
member
Activity: 308
Merit: 12
October 30, 2018, 07:17:17 AM
This is quite a bold step for a state structure, but it will significantly improve the entire financial system of tax collection by this body. And this is a great example for other countries.
copper member
Activity: 482
Merit: 1
October 30, 2018, 07:07:32 AM
This is one of the news that is true and give joy about the cryptocurrency as a whole.  This is officially the first government  that will publicly  accept bitcoin as payment means. It's good they have seen what bitcoin and cryptocurrency is capable and I believe more of this adoption news will spread very soon.  
full member
Activity: 602
Merit: 100
October 30, 2018, 07:06:10 AM
It's great that the United States is not afraid of this technology and began its introduction into the state structure. An obstacle to the development of bitcoin is absolutely meaningless. It should be adopted and used as intended. This will only improve the entire economic system.
jr. member
Activity: 196
Merit: 1
October 30, 2018, 06:50:55 AM
This is awesome and great news to the bitcoiners. Atleast Florida's tax collector accepting bitcoin as payment and exciting that someday other countries will follow through.
member
Activity: 364
Merit: 10
October 30, 2018, 06:19:34 AM
This means that the cryptocurrency is really a working technology that is relevant for modern society. And all its prospects are true. Therefore, we must continue to invest in it and support it.
full member
Activity: 406
Merit: 100
October 29, 2018, 04:32:09 AM

if the cryptocurrency is already pouring into such a sphere of the economy, then it is very foolish to deny its viability. if it were a soap bubble, then such an influence wouldn’t have happened for sure.
newbie
Activity: 28
Merit: 1
October 29, 2018, 04:16:42 AM
In exchange for the government's acceptance of bitcoin as a phased-down payment unit, taxes on investors are also a solution. Because once the government is in favor, the bitcoin market is definitely becoming more active
full member
Activity: 406
Merit: 100
October 29, 2018, 01:49:54 AM
this is good news, hopefully it will run smoothly and be followed by other countries, because with so many people using it and making Crypto's world more developed and more people using crypto.
full member
Activity: 406
Merit: 100
October 29, 2018, 01:43:22 AM
Its a good move by the Tax Collector there which would enable smooth interface of payments and also more transparency.I would love to see many more reforms happening on the crypto space so that the daily users may get used to btc and other currencies as well. But we need to have to the need for utilizing the coin that would be raised only by the regulation and government interference.I would wait and watch this situation's improvement.
full member
Activity: 658
Merit: 102
October 29, 2018, 01:32:13 AM
If the other states follows this example of florida's tax collector, it will speed up the adoption of bitcoin and other cryptocurrencies in many part of the United States. Once it is successful, other countries would eventually follow the tax collection that uses bitcoin as one of the mode of payment for paying taxes. Some crypto-friendly governments are also looking for some ways for the possible regulation of bitcoin in their countries before accepting it as mode od payment.
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