Georgia Considers Accepting Bitcoin and Other Cryptocurrency for Tax Payments

Georgia’s proposed law stipulates that the state’s Department of Revenue can accept tax payments in Bitcoin (BTC) and any other peer-to-peer digital currency

Sat, 24/02/2018 - 2:00

Georgia Considers Accepting Bitcoin and Other Cryptocurrency for Tax Payments

Cover image via U.Today

Read U.TODAY on

Google News

Georgia has become the second state to consider accepting cryptocurrency for tax payments. Georgia’s proposed law stipulates that the state’s Department of Revenue can accept tax payments in Bitcoin and any other peer-to-peer currency. The bill mandates that the cryptocurrency will be converted into US Dollars by the recipient (the state) within a day of receipt.

About the author

David Dinkins

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.