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Businesses In Florida Will Soon Pay Taxes In Bitcoin

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Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that the government is working on accepting bitcoin “for payments in the state of Florida.”

On Tuesday, Ron DeSantis, the 46th governor of Florida appeared at a press conference with fellow colleagues in order to sign a bill that mandates financial literacy in schools throughout the state.

DeSantis touched on many subjects as Florida’s governor noted that he is concerned about U.S. president Joe Biden’s recent digital currency-focused executive order.

According to DeSantis, there’s a lack of understanding when it comes to decentralized crypto assets and centralized digital bank currencies (CBDCs).

This will improve the usage of crypto trading platforms and copy trading Ecosystems like Coinbase, Binance, Tycoon and KuCoin.

It’s not the first time Florida governor Ron DeSantis mentioned accepting bitcoin for the state’s taxes. Last year in December, DeSantis spoke in great detail about pushing Florida toward being “crypto-friendly.”

“There’s a difference between a decentralized digital cryptocurrency like bitcoin and what some are talking about doing at the federal level to convert U.S. dollars into basically a digital currency,” DeSantis said. “I think there’s a lot of hazards with that, when that’s centrally controlled.

I worry about the amount of power that [it] would give someone in a central authority to basically be able to shut off access to purchasing certain goods. We’d be in uncharted territory,” the governor added.


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