in Arizona State ,government allow people to pay taxes using bitcoin,same as Gergia whos considering this to their state,so if government given as a chance to use our coin to pay taxes.then why not give government a chance to collect taxes on crypto,every profiteering that made by people requires tax,coz if not it will be considered as illegal
It is a recent news I had heard few weeks ago and I'm hoping that it could also spread out to more countries in USA and because of these taxes, rather than panicking due to regulations it could encourage more people to buy depending on how fair the taxes are inside the profit margin they get from investments and for the miners. Another is it shouldn't just be a tax because of approval of its legitimacy to the country but also consider supporting it by making platforms for traders to trade safely rather than depending on some different exchanges that could still be vulnerable to hacks.
Are they actually accepting bitcoins or using a payment processor like Bitpay, while effectively accepting only dollars as before? If the former, that would be an interesting development, though somehow I can't believe that. It would likely require making bitcoin into legal tender at the federal level first which is unlikely. Anyway, can you give a link where there's more info about this case?