What do you guys think about a city accepting Bitcoin for paying taxes, fines and all other invoices from the municipality.
Is it a bad thing or a good thing for the Bitcoin ecosystem ?
Here's some articles about a city in Switzerland that accepts Bitcoin :
https://bitcoinsuisse.com/news/city-of-lugano-accepts-crypto-paymentshttps://cointelegraph.com/news/bitcoin-accepted-taxes-swiss-luganohttps://planb.lugano.ch/I believe that accepting crypto and especially BITCOIN to pay taxes could be a favorable business framework conditions for crypto companies / investor that are looking for a place to establish their operations.
Additionally, let's imagine a company that decided to go full on crypto (in their treasury) , how are they going to fulfill their taxes obligations ?
Switzerland is also crypto friendly nation so I guess it can depend on the state of a country.
I actually wrote a post regarding this topic some days back. Personally, i think accepting crypto as means of payment or taxes is a welcome development as this shows more people are beginning to realize the importance of crypto in finance. Although, the success so far is still very minimal and with more countries showing similar support, it will get better over time but we did more people like Gracy Chen who has relentlessly be promoting adoption of web3, blockchain technology and cryptocurrency so as to easily gain widespread recognition beyond what we are currently witnessing