Florida to Accept Crypto? 

With several countries and unicorns accepting crypto as a mode of transaction, it is time for another state to join the team. Florida has been taking strides to develop its policies. The governor of the state, Ron DeSantis, has commented on the payment of taxes using digital currencies. 

In a discussion during the signing of the Financial Literacy Bill, the governor said that he had instructed the state agencies to find ways to allow businesses to pay taxes in cryptocurrency. 

In addition, he mentioned that they are gearing up to accept virtual currencies as a mode of payment. Furthermore, to push crypto into the mainstream, he added a provision in his budget proposal that would have allowed funds for the experimentation of Blockchain. Had this been passed by the legislature, it would have led to the optimization of the functions of the state. 

However, DeSantis has also expressed his concerns about state-controlled digital currency issuance. He is not entirely in favor of Biden’s executive order. The governor said,  “I worry about the amount of power that would give someone in a central authority to basically be able to shut off access to purchasing certain goods,” he said. “We’d be in uncharted territory.”

Shreya Bhattacharya
Shreya Bhattacharya

A journalist & writer exploring new topics every day!

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