Gaetz unveils bill allowing Bitcoin tax payments ...Middle East

The Hill - Technology
Gaetz unveils bill allowing Bitcoin tax payments
source : The Hill ( Middle East ) () 71
Rep. Matt Gaetz (R-Fla.) introduced a bill Tuesday which would allow Americans to pay their federal income tax in Bitcoin. Gaetz said the radical move would “promote innovation, increase efficiency, and offer more flexibility to American citizens.”  “This is a bold step toward a future where digital currencies play a vital role in our financial system, ensuring that the U.S. remains at the forefront of technological advancement,” he said in a statement. The congressman cited his recent visit to El Salvador as the spark for the bill. El Salvador become the first country to allow Bitcoin as a legal currency in 2021. Colorado was the first government to approve cryptocur

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