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Author Topic: Arizona empowers Bitcoin Tax payments  (Read 6892 times)

uzair

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Arizona empowers Bitcoin Tax payments
« on: August 27, 2018, 07:32:59 AM »
Since quite some time, Bitcoin and Blockchain technology has been gaining enormous attention all over the world. There have been debates about its legalization, regulations, and controls. A number of governments have been altering their citizens on the usage of the leading cryptocurrency- Bitcoin. Some have even remarked it as a bubble which will soon burst.
However, even though there have been opposing statements regarding the utilization of cryptocurrencies, the supporting system behind it, i.e. the Blockchain technology has always been praised and appreciated by leading personalities.

The recent news is that Arizona, a southern west U.S state, has started a new revolution by accepting Tax payments in Bitcoin. Arizona has always been supportive of the Blockchain technology and is known as a Blockchain friendly state. Lawmakers in this US state have proposed permitting citizens (residents) to pay their taxes in Bitcoin. This will allow residents to make tax payments anytime and from anywhere.