Sure, Pay Taxes On Bitcoin ... But Pay Taxes With Bitcoin? Colorado Becomes First State To Let You Do It

Sure, Pay Taxes On Bitcoin ... But Pay Taxes With Bitcoin? Colorado Becomes First State To Let You Do It

In April, Colorado Gov. Jared Polis pledged to make the state more cryptocurrency-friendly. On Monday, he took the next step by announcing residents of the state can pay taxes with cryptocurrencies.What Happened: Polis shared the news at Denver Startup Week, a five-day (Sept. 19 to 23) networking event in the city that focuses on uniting the entrepreneurial community in the city.According to the state's Department of Revenue, cryptocurrency paym…

Colorado becomes first state to accept crypto for tax payments

The state will take the digital payments and deposit the equivalent value in dollars into the state treasury.

Breaking: Colorado becomes the first state to accept Bitcoin as payment for taxes

Colorado has just become the first state to accept cryptocurrencies for tax payments through the PayPal Cryptocurrency Hub

Colorado Becomes First US State To Accept Bitcoin As Payment For Taxes

Colorado residents can now pay state taxes with bitcoin and cryptocurrency –– but only with a PayPal account.