USA Passes Bill To Allow Tax Payments In Bitcoin
Hello Steemian ! A New hope for all Trader's
Bitcoin is not dead, it is also not dying. This currency is still in its infancy, going through growing pains. But just like a child, if it is properly nurtured it will grow into a healthy way to transact business and personal affairs.
Investing is bitcoin at this early stage should be for long term investment, and only invest modest amount so if loose a few hundred dollars it will not send you to the poor house.
Finally, you can invest in about three or four different currencies. It is hardly likely for all of them to lose money.
Senate of the State of Arizona just passed a bill to allow tax payers pay tax using bitcoins. Yet the Nigerian Senators are still mixing up MMM and Bitcoin.
Its a pity. No wonder Nigeria is backward. We have a bunch of people who do not want to learn as our leaders. Nobody knows everything. But it is painful when someone who doesn't know refuses to learn, but rather prides in his ignorance.
Make sure if you put some copyrighted date then surly insert link.
Very good , Im glad to see this
Coin about to go all the way up. Goodnews
Next hope for all crypto lover's :)
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This is a game that you have to know how to play, know where to invest and keep growing little by little. Very well posted friend #askquestion
Thanks for bringing this to our attention! This development is worth watching. According to Cointelegraph, it isn't a law just yet. The bill has been sent to Arizona’s House of Representatives for a vote. If it passes the House, it will become a law.
"If the bill is adopted, Arizona would become the first state in the U.S. to accept cryptocurrency tax payments by the year of 2020, as stated on the public record. The bill would allow taxpayers of the state to use “a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems.”
https://cointelegraph.com/news/us-arizona-senate-passes-bill-to-allow-tax-payments-in-bitcoin
So while it isn't set in stone yet, it looks promising. Thanks for the heads up!
This is absolutely great news for cryptocurency.
Do you have a source for the legislation?