Mayor Scott Conger of the United States city of Jackson, Tennessee, recently stated that the city’s blockchain task force had begun research on potential means for accepting Bitcoin property tax payments in the city. Jackson is still looking at a potential foray into cryptocurrencies and is now finally considering accepting Bitcoin for property tax payments.
Employees will be able to dollar-cost average Bitcoin purchases or buy lesser amounts of Bitcoin at regular intervals, owing to the blockchain group’s efforts. The greatest technique for accumulating Bitcoin is to purchase it in small increments at a low cost.
Conger pushed for Bitcoin acceptance in May, announcing the formation of a Blockchain task force and changing his Twitter profile picture to the laser-eyes image popular among Bitcoin aficionados.
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https://news.todayq.com/news/tennessee-considering-to-accept-bitcoin-for-property-tax-paymentsRegardless of the fact that a tax would be implemented as people gets to accept bitcoin, it is still a step forward for bitcoin in being regulated in many countries. It will bring much convenience and it can also be imposed as a role model for other states if ever things go well for it. The curreny legalization in El Salvador seems to be paying off as other countries or states becomes open to welcoming the new system which is crypto in terms of their monetary system. Let us expect the best but expect for the worse also for crypto, we cannot still predict what will happen in the future.