The tax departments of the U.S. states of Colorado and Utah are implementing plans to enable businesses and individuals to pay their taxes in virtual currencies such as Bitcoin, with the goal of executing within a few months.
While six states have considered following the lead of Colorado and Utah, fiscal monitors, academics and crypto skeptics are now warning lawmakers against moves that could put state finances and taxpayers at risk.
Frankly speaking, after the huge volatility we’ve seen over the past six months, anything involving crypto is less appealing, said Lee Reiners, executive director of Duke University’s Center for Global Financial Markets.
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