Florida will allow businesses to pay taxes in cryptocurrency

The program proposed by the governor in December 2021 may come into force in the near future

23.03.2022 - 11:30

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What’s new? US companies registered in the state of Florida will be able to pay taxes using digital assets. This is reported by Bloomberg, citing a statement from Florida Governor Ron DeSantis

News on the Bloomberg website

What else is known about DeSantis’s position? The state’s governor is actively working to make Florida a hub for crypto companies. Back in December 2021, he proposed a program that will allow companies to pay state duties in cryptocurrencies. The governor’s position is also actively supported by Miami Mayor Francis Suarez, who has stated that he will receive part of his salary in bitcoins.

Ron DeSantis is considered a potential candidate for the US Republican presidential nomination in the 2024 elections. The governor is of the view that Joe Biden’s latest executive order regarding the regulation of cryptocurrencies promotes centralization and carries the risks of excessive control of digital assets by the authorities.

What had happened before? On March 9, the White House released a government-wide strategy for regulating the sphere of cryptocurrencies. The executive order sets national policy on digital assets and directs the Ministry of Justice, Treasury, and others to study the legal and economic implications of the launch of a central bank digital currency (CBDC).

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