Is it possible to pay taxes in cryptocurrency?
Why not? 😎
For example, Tom Tate, the mayor of the Australian city of Gold Coast, offered residents to pay their local taxes in cryptocurrency.
He said: “ Why don’t we pay taxes in cryptocurrency if the risk isn’t high? And volatility is not a bad thing. This new action will show everyone that we are innovators and attract the younger generation… I’m not saying we’re already doing it, I’m just saying we’re always looking to the future.”
How long do you think it’ll take to start paying taxes in cryptocurrency in your city?