Published on May 15th, 2018 | by bitcoin0
United States: A county in Florida, Seminole, will accept crypto for paying taxes.
The Seminole County, Florida, tax collector Joel M. Greenberg announced May 14 that the county will begin accepting cryptocurrency for payment for various services this summer in order to eliminate heavy fees and improve payment accuracy and efficiency.
According to a press release, the county will begin accepting Bitcoin (BTC) and Bitcoin Cash (BCH) to pay for services, including property taxes, driver license and ID card fees, as well as tags and titles.
The Seminole County Tax Collector will reportedly employ blockchain payments company BitPay, which will allow the county to receive settlement the next business day directly to its bank account in US dollars.
According to BitPay, Seminole county is the first government agency to use the company’s services.
Earlier this month in the state of Arizona, a bill that would have allowed state residents to pay taxes using crypto was amended, removing the provisions which obligated the state to accept crypto.