It would definitely be a good thing for us investors and bitcoin users because if a country accepts bitcoin as an official payment method for taxes this will add to bitcoin’s credibility and we would be one step closer to having bitcoin fully adapted.

On the other hand, it might not be as good for a city to accept bitcoin. If the country does not still recognize bitcoin as a legal tender then the city would just probably convert it into their local currency which would make accounting their finance more complicated and thus might be in trouble with the government for some regulatory issues.