Topic: US State Georgia next in line to accept cryptocurrency for taxes (Read 460 times)
Cryptocurrency is getting into the nerve of every nation. France already made a recognition on BTC as a removable asset and lower the tax to 19% from 34%. If the majority of the progressive country recognizes the cryptocurrency I'm pretty sure other countries such the third world will follow the same fate.
March 08, 2018, 06:23:10 AM
At the end of the day, the adoption of cryptocurrencies will continue to increase day by day. The new always beat the old one. Conservative behavior and protective measures against development have never prevented innovations for a long time.
There are many Countries already open for cryptocurrency. Japan and Philippines are one of the example they welcome the cryptocurrency though not yet in the law.
March 03, 2018, 05:59:14 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
Surely other states will follow this kind of action. Cryptocurrency has more benefits than it contribute than the cons of it. I believe now they realize that cryptocurreny is best alternative than fiat in case the dollar inflate every year.https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
Definitely! not only the some of the state in US but other nations too. Hope cryptocurrency will be common and will accepted in South East Asia.
March 02, 2018, 12:03:34 PM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
Surely other states will follow this kind of action. Cryptocurrency has more benefits than it contribute than the cons of it. I believe now they realize that cryptocurreny is best alternative than fiat in case the dollar inflate every year. https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
March 02, 2018, 06:47:08 AM
This will soon drew the attention of various countries, if the american states have begun to accept the bitcoin, and other countries will soon receive cryptocurrency market, and when all countries accept bitcoin, then another bull market.
Definitely it will draw attention to other countries. It’s good US open an opportunity that other nations will compel to follow..
March 01, 2018, 01:01:58 AM
Well, many that they want but so it does not reach the point. This issue can simply be put off for a long time, and not the fact that they will return to this issue.
March 01, 2018, 12:39:34 AM
News is a boon for encryption currency users, using encryption monetary pay taxes may actually lead to pay more taxes, because encryption currency as the price changes for tax payment, payment of capital gains tax and investment income tax.
I believe there will be a lot of countries that will accept encrypted currency.
I believe there will be a lot of countries that will accept encrypted currency.
I don't think so it will lead to a higher taxes because you will only pay tax according to the specified percentage of the law. If your tax is $10 then you will only give a crypto equivalent to $10.
The main point here is the law that will recognize and protect the cryptocurrency from a bullish government.
February 28, 2018, 04:51:40 AM
if this would be truthful,well US states sending us a message that they are not majority in every decision they releasing about cryptocurrency as i have read that arizona had passed the bill allowing theyre people pay taxes using bitcoin.this cause for a celebration as 2 great states favoring all of us in our journey
Cheer to that. If US legalize cryptocurrency by law other nation will left no choice but to follow. The action of these two states will awaken other states to consider the cryptocurrency as tax payment. This will boost the moral of crypto.
February 28, 2018, 01:24:24 AM
News is a boon for encryption currency users, using encryption monetary pay taxes may actually lead to pay more taxes, because encryption currency as the price changes for tax payment, payment of capital gains tax and investment income tax.
I believe there will be a lot of countries that will accept encrypted currency.
I believe there will be a lot of countries that will accept encrypted currency.
February 28, 2018, 01:12:42 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
if this would be truthful,well US states sending us a message that they are not majority in every decision they releasing about cryptocurrency as i have read that arizona had passed the bill allowing theyre people pay taxes using bitcoin.this cause for a celebration as 2 great states favoring all of us in our journey https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
February 28, 2018, 01:05:39 AM
the beginning is laid not only Japan and South Korea perceive the cryptocurrency but also America begins to believe
February 28, 2018, 12:46:07 AM
i have recently read the article that this is good news for cryptocurrencies users on that US state but at the end of article says this is not entirely advantageous for cryptocurrencies users because they should pay tax more expensive if use cryptocurrencies that they have to pay for tax payments and investment income tax
At the start it could be disadvantage but we should not look that in the picture of disadvantages but in the positive way. Acceptance from the government and making law to recognize the cryptocurrency is all matters. In the latter all will benefit on it.
February 27, 2018, 01:12:47 PM
That an American state thinks of accepting cryptocurrencies to pay taxes is good news. We hope that there are other states that follow this example and that cryptocurrencies are increasingly used in the world
February 27, 2018, 01:09:14 PM
Crypto acceptance by governments is what will legitimize it enough to eventually bring it mainstream, I'm very glad there are forces within governments pushing for this as a lot of the recent news, particularly in Asia have been quite negative towards cryptocurrencies in general.
Legitimization does not exactly equate to crypto becoming mainstream but it would definitely bring some ease for the crypto users within the country. This may bring about some spotlight over crypto once the news would go out but it may not become as popular just yet. This has definitely brought some positivity over crypto since the country has chosen to be more open and accepting.
February 27, 2018, 12:32:41 PM
This is great you can especially when you are a trader you can pay your taxes using cryptocurrencies easily,if this will be approved a lot of traders wont have to worry paying big amount of taxes in their fiats,and this will open to the acceptance of cryptocurrencies in the whole state or AZ.And it might be the reason why most of the states in the U.S will accept cryptocurrencies.
February 27, 2018, 12:24:50 PM
This will help people and is good news.
Many people want to pay taxes to government but don't want to convert to cash everytime they pay tax. This will make it easy for crypto owners to pay taxes.
Many people want to pay taxes to government but don't want to convert to cash everytime they pay tax. This will make it easy for crypto owners to pay taxes.
February 27, 2018, 09:57:28 AM
This is great news. More and more governments and businesses are starting to see the advantages of supporting crypto, even if they don't like the expansion of a global currency, they know there is just too much momentum to stop it.
February 27, 2018, 09:56:42 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
i guess it was this month when state of arizona has passed a bill to accept crypto as payment for taxes,and now state of georgia is on the line.we only needed atleast 50 states of america to assures us of sooner being legalized in us.but for now lets enjoy the credits of those states who has acknowledged this cryptocurrencies as mode of payments for governments.such a great and pleasant for us cryptonians https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
February 27, 2018, 09:46:59 AM
With the move by Arizona to accept cryptocurrency then it will encourage other states in the US to accept it. Georgia is next in line now and am pretty sure other states will accept cryptocurrency for taxes very soon in united states.
February 27, 2018, 07:10:09 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
for taxation is very good because they record everything transparently and make taxes become more transparent everyone can see who has paid taxes, hopefully this can trigger a rise in bitcoin prices.
February 27, 2018, 06:33:24 AM
Yeah ! I read about that. For me, this is not such a big deal, because with taxes it makes the crypto more and more legit. In my country the banks are trying whatever they can to forbid crypto and cancel transfers and it is very difficult, especially for withdraw. I think that if there were regulated taxes for crypto, the banks would have no choise but to accept crypto...
February 27, 2018, 04:12:05 AM
This a positive step and a great news for crypto world that Georgia government thinks for acceptance of cryptocurrency as a tax payment.
And there is a point, if US government will also thinks to legalized cryptocurrency then this will be a good sign for the crypto world.
I think that very soon other countries will also thinks on this and start moving their steps to legalize cryptocurrency as a legal payment.
The next countries where you can see soon cryptocurrency as legalized source, they are Russia and Arizona government.
And there is a point, if US government will also thinks to legalized cryptocurrency then this will be a good sign for the crypto world.
I think that very soon other countries will also thinks on this and start moving their steps to legalize cryptocurrency as a legal payment.
The next countries where you can see soon cryptocurrency as legalized source, they are Russia and Arizona government.
February 27, 2018, 03:48:22 AM
waah,
this I think will make the user crypto currency there will not feel the spirit in work, because I think in this work is very difficult to receive rewards from their work besides it is difficult to understand the fluctuating and significant fluctuations of the currency of the crypto,
hopefully in my country do not apply this in the future so that no pieces of my work later.
this I think will make the user crypto currency there will not feel the spirit in work, because I think in this work is very difficult to receive rewards from their work besides it is difficult to understand the fluctuating and significant fluctuations of the currency of the crypto,
hopefully in my country do not apply this in the future so that no pieces of my work later.
February 27, 2018, 03:31:07 AM
This a good news for cryptocurrency. It high time governments all around the world move with time. Things are changing. Lots of people are expose to good information about better way if living of which cryptocurrency provides. No reasonable people will keep fighting better idea.
February 27, 2018, 03:26:37 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
I am quite jealous of what is happening in europe and america. in my country there are many polemics and various problems that cause prohibition.
if to be legitimate it is very unlikely once in the near future. but with a lot of legalization in countries of Europe, will certainly be the spotlight of the world. and may try to follow the same pattern.
February 27, 2018, 03:13:55 AM
If a tax on cryptocurrency market in the United States, then other countries will soon make laws to tax, for now, the bitcoin has received the affirmation from country to country, but countries for ICO has always been a very conservative attitude.
February 27, 2018, 02:26:36 AM
This is really good news. If USA will recognize the official status of cryptocurrency in most of its territory, other countries will also adopt this doctrine. In addition, it completely legalizes transactions with crypto.
February 27, 2018, 02:09:59 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
I don't really like that clause that asks them to convert it to fiat within 24 hrs. I believe it would hit bitcoin price and make fiat even stronger but I guess they had to do it as there is no workaround for it. Soon more countries will follow their footsteps.
February 27, 2018, 02:09:20 AM
So two down forty eight to go! I can only see this as a positive move for crypto in general and it really does mean that it is gaining wider acceptance as real currency.
February 27, 2018, 02:07:23 AM
i have recently read the article that this is good news for cryptocurrencies users on that US state but at the end of article says this is not entirely advantageous for cryptocurrencies users because they should pay tax more expensive if use cryptocurrencies that they have to pay for tax payments and investment income tax
February 27, 2018, 02:01:18 AM
This is really very good news for crypto and certainly a positive step for cryptocurrency. If not mistaken Arizona senate is doing vote to use bitcoin in tax payments, So it seems the next state is arizona. Idk let hope more and more other states follow this policy.
Yes they need to follow in other state because this is good idea. 
February 27, 2018, 01:57:33 AM
I think some of them have come to conclusion that they cannot neglect Digital currencies forever, it is good to see development like this, but there was a ruling in US in 2016 where BTC was not declared money, even now most of us see Bitcoin as an Asset rather than money
February 27, 2018, 01:24:13 AM
Many countries have started to work for their own cion. I think that the period of printing paper money will end and everyone will be able to move to digital currencies. and be sure that it will not take long. BTC
February 27, 2018, 01:11:53 AM
I highly interested that if there are someone in the forum who is from Georgia and who can say exact news any other than crypto news websites.
I may be appreciated if someone from Georgia can write here about that.
I may be appreciated if someone from Georgia can write here about that.
February 27, 2018, 01:04:40 AM
At the end of the day, the adoption of cryptocurrencies will continue to increase day by day. The new always beat the old one. Conservative behavior and protective measures against development have never prevented innovations for a long time.
It could be possible in the future that the fiat become a collection items. No value at all in the market. When it gonna happened? only time can tell.
February 26, 2018, 10:21:49 AM
At the end of the day, the adoption of cryptocurrencies will continue to increase day by day. The new always beat the old one. Conservative behavior and protective measures against development have never prevented innovations for a long time.
February 26, 2018, 02:32:25 AM
This will soon drew the attention of various countries, if the American states have begun to accept the bitcoin, and other countries will soon receive cryptocurrency market, and when all countries accept bitcoin, then another bull market.
February 26, 2018, 01:25:57 AM
With Putins endorsement, crypto education in highschools and colleges in brisbane, and now this acceptance, crypto seems to slowly form a ripple effect of acceptance in policy makers and government authorities around the world.
It's good to know that Russia also positive on cryptocurrency. Seems the Cryptocurrency as a currency will be accepted soon in the government entities.
February 25, 2018, 10:27:48 AM
With Putins endorsement, crypto education in highschools and colleges in brisbane, and now this acceptance, crypto seems to slowly form a ripple effect of acceptance in policy makers and government authorities around the world.
February 25, 2018, 10:13:29 AM
Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
It's been recognised as an ASSET.
But if you can pay your taxes using bitcoin, then it is a CURRENCY. That is the breakthrough.
February 25, 2018, 09:02:03 AM
Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
It's been recognised as an ASSET.
But if you can pay your taxes using bitcoin, then it is a CURRENCY. That is the breakthrough.
February 25, 2018, 08:55:36 AM
Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
February 25, 2018, 08:39:17 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
A really good news will be to read that a big retails in US is accepting crypto's.
They just are announcing that Georgia is open to the future. But this will not have any impact over the price and I don't think even a 100 people will pay their taxes in crypto.
February 25, 2018, 08:32:05 AM
Hope others will follow and they will start recognizing the cryptocurrency
Soon they will follow. Arizona just announced last two weeks then Georgia. We will wait then for some state to utter interest on cryptocurrency as tax payment.
February 25, 2018, 08:28:26 AM
I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there). As the article say those cryptos will be sold within 24h so it is basicaly the same as selling cryptos by yourself for fiat and paying taxes with it (I bet some extra fee will be charged for all conversions).
Anyway the most important thing will be the legal side of the question.
Anyway the most important thing will be the legal side of the question.
It could be few but the action of Georgia is a huge leap for cryptocurrency to be recognized as legal in US. Yes that's the most important.
If it will implemented it cause domino effect in US.
February 25, 2018, 07:21:06 AM
I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there).
The reason these states are doing this is that they want to attract cryptoenthusiasts to them. At the moment there might be only a few people in Georgia who own crypto. But in five years time they might have attracted a nice taxpaying community to their state.
February 25, 2018, 07:02:46 AM
It soon interesting and I sign of good thing to come in the crypto community. If this is successful done am very confidence other states and countries around the world will follow. Crypto is a moving train the earlier you join in the better cos it's going to revolutionalize the world financial set and create a synergy between many countries economy.
February 25, 2018, 06:51:31 AM
This is really very good news for crypto and certainly a positive step for cryptocurrency. If not mistaken Arizona senate is doing vote to use bitcoin in tax payments, So it seems the next state is arizona. Idk let hope more and more other states follow this policy.
Arizona proposes first followed by Georgia. This is a good recognition for cryptocurrency. Hope United State will be the first to legalize the cryptocurrency by law. I believe if US will do this another nations will follow.
February 25, 2018, 06:02:38 AM
Wow! It's so amazing! I hope that soon so will act the entire States! Then it will mean that cryptocurrencies are recognized by the government!
Yes very exciting to hear many new states considering accepting taxes in cryptocurrency, can't wait till other countries start moving in this direction. It will be very complicated for them to work out at first, but it is without a doubt a step in the right direction.
February 25, 2018, 05:46:13 AM
I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there). As the article say those cryptos will be sold within 24h so it is basicaly the same as selling cryptos by yourself for fiat and paying taxes with it (I bet some extra fee will be charged for all conversions).
Anyway the most important thing will be the legal side of the question.
Anyway the most important thing will be the legal side of the question.
February 25, 2018, 05:42:00 AM
Wow! It's so amazing! I hope that soon so will act the entire States! Then it will mean that cryptocurrencies are recognized by the government!
February 25, 2018, 05:35:18 AM
This is undoubtedly a good news, taxing acknowledged that the bitcoin is legitimate, because i am so happy to see recently a growing number of countries the government plans to levy of bitcoin tax, I think would still be the bitcoin of the bull market in 2018!
February 25, 2018, 05:30:24 AM
This is good. And this shows US is still a great place for cryptocurrency, with difference in laws and ideas among several states, there's always a legal loophole for everyone to exploit.
February 25, 2018, 05:27:12 AM
This is really very good news for crypto and certainly a positive step for cryptocurrency. If not mistaken Arizona senate is doing vote to use bitcoin in tax payments, So it seems the next state is arizona. Idk let hope more and more other states follow this policy.
February 25, 2018, 05:23:44 AM
Crypto acceptance by governments is what will legitimize it enough to eventually bring it mainstream, I'm very glad there are forces within governments pushing for this as a lot of the recent news, particularly in Asia have been quite negative towards cryptocurrencies in general.
February 25, 2018, 05:22:45 AM
Hope others will follow and they will start recognizing the cryptocurrency
February 25, 2018, 05:17:47 AM
There's a possibility that other state will follow. Seems cryptocurrency is getting its root in United State soil which good to those who are in the cryptocurrency community.
February 25, 2018, 12:39:59 AM
The US State Georgia considered to accept cryptocurrencies as tax payment.
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
Georgia file bill after the Arizona considered BTC as a tax payment.
Which State is next?
This is pretty good news!
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