Florida Will Allow Businesses to Pay Taxes in Cryptocurrencies
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March 24, 2022

Ron DeSantis, the governor of Florida, has recently signed a bill aimed at introducing financial education programs in high schools, including on topics related to cryptocurrencies, WFLA has reported.

During a press conference, he has said that although he has not gained support for his initiative to allocate funds for "blockchain experiments," the administration is taking steps to allow companies to pay taxes in cryptocurrencies.

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At the same time, DeSantis is skeptical about the possibility of issuing a digital dollar. He has said:

"There’s a difference between a decentralized digital cryptocurrency like a Bitcoin. I think there’s a lot of hazards with that, when that’s centrally controlled. 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. We’d be in uncharted territory."

DeSantis also sees a threat in the ability of financial institutions to "shut people down" at the behest of the government.

Miami Mayor Francis Suarez has previously announced he intends to allow government employees to receive their salaries in Bitcoin.

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