US Gov. DeSantis says Bitcoin will be accepted for tax payments in Florida

Colorado became the first US state to do so earlier this month, calling it a logical step toward 'digital statehood.'

Florida will accept Bitcoin for tax payments, Says Gov DeSantis
Gov. DeSantis

Florida could be the next state in the United States to accept cryptocurrency for tax payments. On Tuesday, Governor Ron DeSantis stated, "We will accept bitcoin, and we're working on doing that for payments in the state of Florida."

Gov. DeSantis said he'd urged state agencies to come up with strategies to make this happen:

“We are working – and I’ve told state agencies – figure out ways where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that.”

At a press conference in Wesley Chapel, DeSantis stated. The event was a signing ceremony for a financial literacy curriculum bill that aims to include personal finance instruction in high school diploma programs.

In December of last year, Florida Governor Rick Scott recommended that local businesses be permitted to pay state taxes using cryptocurrency.

He also advocated spending funding to "experiment with blockchain technology," but the proposal was not approved by the Assembly.

President Joe Biden's executive order for the crypto industry was met with skepticism by DeSantis, a potential Republican presidential candidate in 2024.

He explained that there is a fundamental distinction between decentralized digital currencies like bitcoin and the digitalization of dollars, or the conversion of the dollar into a digital money, which is still centralized.

Colorado became the first US state to accept bitcoin tax payments earlier this month. The change is expected to take effect in June of this year.