California Proposes to Allow Paying Public Services with Cryptocurrencies

Reading Time: < 1 minute

Democratic Senator Sydney Kamlager has introduced a new bill that would allow California users to use cryptos to pay for public services.

According to the text, the document will allow state institutions to accept digital assets as a means of payment. The draft was submitted on February 18 as a package for the 2022 legislative session.

In February, Colorado Governor Jared Polis announced that by the summer the state would implement the possibility of paying taxes and fees in cryptocurrencies. According to him, the authorities took such a step for the sake of the comfort of local residents and increasing the speed of payments.

Similar initiatives have previously not received the support of legislators in Arizona and Illinois. The state of Ohio approved tax payments in Bitcoin, but later stopped accepting payments in cryptocurrency due to low demand for the service.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!