Colorado will let citizens pay their tax in bitcoin | World

Colorado is to become the first US state to accept cryptocurrency from private citizens as payment for taxes.

Jared Polis, the governor, who has long been a supporter of alternatives to cash, said that the state would take digital payments and deposit the equivalent value in dollars into its Treasury.

“In Colorado we’ve been laying the groundwork to be a centre of crypto and blockchain innovation for a number of years,” he said. “We see it as a critical part of Colorado’s overall innovation ecosystem.”

Polis, a Democrat who has been linked to a potential tilt at the White House, accepted campaign donations in bitcoin while running for Congress in 2014.

Other states are debating using cryptocurrencies. Arizona could soon accept bitcoin, the most popular