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Gov. Jared Polis Wants Colorado to Accept Crypto for State Taxes

Governor of Colorado, Jared Polis has announced that he will be thrilled if the state starts paying their taxes with Bitcoin.

“I’d be thrilled to be the first state to let you pay your taxes in a variety of cryptos,” he said Tuesday at Consensus 2021.

“The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity,” he wrote.

Since he trolled legislators on Capitol Hill, Polis has become the Rocky Mountain State’s chief executive, and on Tuesday he sounded excited to be at the forefront of accommodating legislation for crypto.

“Colorado is and will be the center for blockchain innovation in the United States, attracting investments and good jobs and innovators in infrastructure, digital identity, [and] individual data security in the private and public sector,” he said.

One huge step would be to allow Coloradoans to pay state taxes with digital assets. Pilots in other states haven’t gone so well.

With far more infrastructure for crypto today, however, the adoption of state tax payments seems more plausible, and Polis sounded eager to be at the front of the pack. As a next step, he said he would speak to Colorado’s director of revenue, Mark Ferrandino.

Source: Coindesk