A revolution in income tax payments? You can also pay in Bitcoin

And what about the other countries? According to Elad Nomberg, Chief Operating Officer at the digital currency investment house Proxibit, different states in the US are competing with each other for the title of “the friendliest state for cryptocurrency”. This is in order to try and attract workers and businesses to the new economy. “Florida, for example, is very supportive of accepting crypto for payments in the state and emphasizes its willingness to accommodate businesses that want to pay their taxes using cryptocurrencies,” Nomberg says. “Ohio is also testing the acceptance of crypto for tax payments and even Buenos Aires, Argentina, declared in April that it would allow crypto to be paid for taxes in the future.