If it was up to the mayor in Australia, residents could pay taxes through Bitcoin

The mayor of the Gold Coast city in Australia has called on residents to pay taxes with bitcoin.

Bitcoin lines

Mayor Tom Tate has no bones about this. His Gold Coast city in Queensland has a population of about 700,000. If it’s up to Tate, residents pay taxes with bitcoin.

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He talks about municipal taxes or local taxes for real estate. The mayor says Gold Coast City Council is open to seeing bitcoin as a payment option.

Tate is a famous man in Australia’s largest city. He is also known as the ‘Man of the People’ CryptopolitonWon the 2016 and 2020 elections by a large margin of votes.

The city’s annual budget will be announced next week (June 14). Rates are estimated to increase by 4%. However, the mayor has Chief Investment Officer Has begun to work to promote “innovation” in the public sector and to explore “joint ventures.”

A representative from Blockchain Australia advises that the city council should fully understand the risk before taking action to embrace bitcoin.

American colleagues

Tate has many colleagues on the other side of the planet, and they do the same. The most famous mayor is Francis Suarez of Miami, who also distributes bitcoin to residents.

Eric Adams from New York had already paid his salary in Bitcoin. However, it appeared to be primarily a marketing stunt because mining is now banned in the area.

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The city of Portsmouth in the United States also accepts bitcoin for taxes. In Cool Valley, Missouri, Mayor Jason Stewart puts Bitcoin on the map.

He wants to give $ 1,000 in bitcoin to the residents of his city. It is a small town with a population of less than 2,000.

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