Gov. Jared Polis made good on a promise earlier this year by asserting Monday that Colorado residents can now pay state taxes with cryptocurrencies.
Driving the information: The Democrat selected the primary day of Denver Startup Week to formally announce that residents have the option to pay on-line.
- Particular person revenue tax, enterprise revenue tax, gross sales and use tax, withholding tax, severance tax and excise gas tax are eligible, in accordance with his workplace.
- The transfer is a part of Polis’ broader push to encourage the usage of blockchain expertise within the state.
Sure, however: The announcement’s timing was awkward. The most well-liked cryptocurrency on this planet, Bitcoin, hit a three-year low this previous weekend, per Axios Crypto.
- The $18,349 worth for Bitcoin over the weekend was properly beneath its 2017 excessive of $19,783.
- Different cryptocurrencies, together with Ethereum, BNB, XRP and Cardano, all posted losses this weekend.
Of word: Polis additionally accepts cryptocurrency marketing campaign contributions and is fundraising for his reelection marketing campaign by promoting non-fungible tokens (NFTs) for $52.80 every.
- As of Monday, 175 have been offered since June.
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