• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Bitcoin News

Crypto will soon be the means by which businesses in Florida will pay their taxes: Desantis.

Hania by Hania
April 22, 2022
in Bitcoin News, General News
Reading Time: 3 mins read
A A
0
Crypto will soon be the means by which businesses in Florida will pay their taxes: Desantis.
Tweet

In Brief:

    • Related articles
    • Top 5 Metaverse Tokens You Must Have In Your Portfolio
    • “India Leads The Global Crypto Adoption with 53% Of Users In 2023”
  • DeSantis’ scepticism on Joe Biden’s plans for a state-owned digital currency
    • Florida’s crypto friendliness
      • The adoption of crypto in the United States has expanded.

“We will accept Bitcoin, we are working on doing that, for payments in the state of Florida. I’ve told the State agencies to figure out a way where if a business wants to pay tax in crypto to Florida, we should be willing to accept that.” 

Florida’s Governor Ron DeSantis said during a ceremony on Tuesday, March 22, during the signing of a bill to mandate high school financial literacy, classes.

Related articles

Top 5 Metaverse Tokens You Must Have In Your Portfolio

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023

DeSantis is a 46-year-old politician and attorney serving as the 46th Governor of Florida since 2019.

Before becoming the governor, he served as a member of the U.S House of Representatives for Florida and is expected to be a strong contender for the next Presidential election of the USA.

On behalf of the Republicans in case former president Donald Trump drops out of the nomination, this announcement in favor of cryptocurrency might bring the crypto community to his and the Republicans’ support.

DeSantis’ scepticism on Joe Biden’s plans for a state-owned digital currency

On March 9, President Biden signed an Executive order that called on the Federal agencies to research the feasibility of a government-launched U.S. digital currency.

In his reaction to that, DeSantis said: “There’s a difference between decentralized digital crypto like Bitcoin and what some are talking about doing at the Federal level to convert U.S. Dollars into basically a digital currency.

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 be able to shut off access to purchasing certain goods. We’d be in uncharted territory.”

Florida’s crypto friendliness

All along, Florida has been a strong supporter of the cryptocurrency movement. From June 3rd to 5th, the world’s largest Bitcoin conference will also be hosted in the Mana Convention Centre in Miami, Florida.

The convention is held every year, but this year it was postponed because of the covid travel restrictions around the world. Florida has many Bitcoin ATMs or kiosks and Florida’s economy is as strong as the whole Australian economy.

Francis Suarez, the Mayor of Miami, Florida, already accepts part of his salary in Bitcoin as a hedge against inflation. And he has even made the declaration that he will be the first politician in the USA to take his full salary in Bitcoin.

Miami has already courted exchanges like Blockchain.com in south Florida, and FTX which has secured naming rights to the Miami Heat Arena under the leadership of Mayor Suarez. According to Suarez, the Bitcoin Blockchain is the most verifiable and trustworthy network. 

The adoption of crypto in the United States has expanded.

Another U.S. state, Colorado will allow individual tax payments in crypto later this year. Although the initiative has been taken earlier, the effect will take place from June.

The taxes will be payable in cryptocurrency equaling the value of the tax in USD, which will be exchanged for USD before it is deposited to the Treasury Department. 

The states of Wyoming and Colorado both have passed pro-crypto legislation to promote themselves as crypto innovation hubs.

In 2018, the Seminole County Tax Office in Orlando started accepting cryptocurrency payments via BitPay, which ended afterward due to a lack of advanced system technologies.

As many of the Senators and big names are already into crypto and holding crypto, more and more of the U.S. states embracing crypto payments.

It’s a very understandable fact that cryptocurrency is not a secondary mode of payment anymore. It is a parallel mode of payments to the fiat currencies in this inflationary digital world of today.

Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Top 5 Metaverse Tokens You Must Have In Your Portfolio
NFT News

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"
General News

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
General News

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 
Bitcoin

Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

March 20, 2023
Bitcoin’s Best January In 10 Years, With A 39.6% Gain For The Month
Bitcoin

Bitcoin Hits $28k As Unpredictability Surrounds Banks

March 20, 2023
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX/Sam Bankman-Fried scandal
Business

Sam Bankman-Fried Pleas The Court To Provide His Legal Bills Reimbursement Top Priority

March 16, 2023
Euler Finance
Altcoin News

Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution

March 15, 2023
Bitcoin’s Best January In 10 Years, With A 39.6% Gain For The Month
Bitcoin News

What Caused Bitcoin (BTC) To Quickly Rise Over $26,000? 

March 14, 2023
Bitcoin Hits $28k As Unpredictability Surrounds Banks
General News

Silicon Valley Bank Collapse Might Trigger A Run On US Regional Banks

March 14, 2023
Load More
  • Trending
  • Comments
  • Latest
OKX: An all-in-one trading platform that supports cryptos, derivatives, staking, and lending

OKX: An All-in-one Trading Platform That Supports Cryptos, Derivatives, Staking, And Lending

December 27, 2022
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Scam Alert: This Email Can Drain Your Crypto and NFT Wallet

January 21, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023
HappyMiner

Earn Passive Income Cloud Mining With HappyMiner

March 19, 2023
Bitcoin ATM Rise Or Fall: In Less Than 60 Days, More Than 400 Machines Went Offline

Bitcoin ATM: How to use them?

1
All You Need To Know about Defi (Decentralized Finance)

All You Need To Know About DeFi (Decentralized Finance)

1
Robinhood enables the Web3 Wallet beta accessible to 10,000 users

Robinhood enables the Web3 Wallet beta accessible to 10,000 users

1
Mastercard Introduces a New Tool to Prevent Crypto Fraud

Mastercard Introduces a New Tool to Prevent Crypto Fraud

1
Top 5 Metaverse Tokens You Must Have In Your Portfolio

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023
Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In