Florida Governor Ron DeSantis Says State Is Figuring out Ways to Allow Businesses to Pay Taxes in Bitcoin

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Florida Governor Ron DeSantis Says State Is Figuring out Ways to Allow Businesses to Pay Taxes in Bitcoin – On Tuesday, Ron DeSantis, Florida’s 46th governor, appeared at a press conference alongside his colleagues to sign a bill requiring financial literacy in all schools in the state.

DeSantis addressed a variety of topics, including his concerns about US President Joe Biden’s new executive order on digital currencies. When it comes to decentralized crypto assets and centralized digital bank currencies, according to DeSantis, there is a lack of understanding.

“There’s a distinction between a decentralized digital cryptocurrency like bitcoin and what some are proposing at the government level, which is to turn U.S. dollars into essentially a digital currency,” DeSantis explained. “I think there are a lot of risks with that when it’s centrally controlled.” 

I’m concerned about how much power it would give someone in a central authority to effectively block access to purchasing specific things. “We’d be venturing into unknown areas,” the governor added.

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DeSantis stated during the signing ceremony on Tuesday that the state of Florida is preparing to adopt digital currencies such as bitcoin (BTC).

“I’ve urged the state agencies to develop ways where if a company wants to pay tax in bitcoin to Florida, we should be willing to accept it,” Florida Governor Rick Scott said. “We will accept Bitcoin for payments in the state of Florida, and we’re working on it,” DeSantis stated.

Also Read: UK Regulator Issues Crypto Ads Notice to 50 Firms – Says This Is a Red Alert Priority

Florida Governor Ron DeSantis Says State Is Figuring out Ways to Allow Businesses to Pay Taxes in Bitcoin – The governor’s remarks reflect his remarks from December, when his administration submitted the “Freedom First Budget.” DeSantis said in a speech in Tallahassee that month that he wants Florida to be “crypto-friendly.”

The governor also stated that his government was investigating how blockchain technology may be used to improve some of the state’s record-keeping systems.

While DeSantis is gaining a reputation as a crypto-friendly governor, Miami Mayor Francis Suarez is a bitcoin supporter as well. Suarez is paid in bitcoin for a portion of his income, and he declared last December that he planned to convert a portion of his 401k retirement plan to bitcoin.

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