Skip to content
Subscribe
  • Home
  • Services
  • Video
  • Events
Subscribe

Reading

Colorado To Accept Bitcoin For Tax Payments
News Markets

Colorado To Accept Bitcoin For Tax Payments

Vinicius Piscini
By: Vinicius Piscini
Sep 22, 2022
3 min read
Colorado To Accept Bitcoin For Tax Payments

Colorado just announced taxes can be paid in Bitcoin according to a report by Axios Denver.

Last Monday, the Colorado government, whose governor is Democrat Jared Polis, announced at Denver Startup Week that it will accept payment for numerous taxes with the leading cryptocurrency, Bitcoin. 

However, the payments will have to be made through a Paypal account, a fact that, added to the low intention of users of the currency to dispose of it, has the potential for negative repercussions with regard to taxpayer privacy. 

The simple urge of the holders to hold on to their cryptocurrency in search of its valuation already turns the idea of paying their taxes with it into an absurdity, but in addition, there is a very important issue parallel to this, which is the valuation that such individuals also grant to their privacy and freedom of speech, since it would require the Paypal account, which is notorious for cancelling the account of numerous individuals for unconventional reasons.

While the acceptance of Bitcoin as a means of paying taxes may generate a certain replicability of other states and therefore increase the institutional adoption of the currency, we need to be very vigilant about attacks on users’ privacy and freedom of speech, since the protection of these principles is the essence of the cryptocurrency. 

Arizona made moves to accept Bitcoin for tax payments already back in 2018.

https://bitcoinnews.com/denver-bitcoin-meetup-to-push-adoption

Sources

https://www.infomoney.com.br/negocios/paypal-bloqueia-conta-de-olavo-de-carvalho-por-disseminacao-de-fake-news-e-discurso-de-odio/

https://www.telegraph.co.uk/news/2022/09/20/paypal-shuts-accounts-free-speech-union/

Stay on top of Bitcoin
news, get weekly updates
in your inbox.

Recommended News

Markets
Markets
Satoshi Era Whale Moves 80,000 BTC After 14 Years of Silence
Jul 06, 2025
3 min read
By: Alex Lari
Markets
Markets
Hamak Gold Plans Bitcoin Treasury After £2.47M Fundraise
Jul 05, 2025
3 min read
By: Alex Lari
Markets
Markets
BlackRock’s Bitcoin ETF Outpaces S&P 500 Fund in Fee Revenue
Jul 04, 2025
3 min read
By: Alex Lari
All News
Accelerating Adoption
News
  • Adoption
  • Legal
  • Markets
  • Mining
  • Opinion
  • Press Release
  • Learn
  • Sponsored
Company
  • About Us
  • Brand Assets
  • Newsletter
  • Services
  • Site Map
  • Terms & Privacy
Connect
  • Contact Us
  • Contribute
  • Services
  • Media Partner
  • RSS
  • Videos
Social Media
  • Twitter
  • YouTube
  • Telegram
  • LinkedIn
  • Instagram
  • Nostr
  • TikTok
  • Flipboard

© A Bitcoin-Focused Company | 256 Media, 2024

Language Switcher
Search
  • News
    • Adoption
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
    • Learn
    • Interviews
  • Services
  • Video
  • Events
  • News
    • Adoption
    • Interviews
    • Learn
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
  • About Us
  • Contact
  • Newsletter
Search

Popular Articles

Elon Musk Launches ‘America Party,’ Puts Bitcoin at the Center of US Politics
July 8, 2025 · 3 min
Texas Weather Crises and Grid Strain Slam Bitcoin Mining in June
July 7, 2025 · 3 min
Satoshi Era Whale Moves 80,000 BTC After 14 Years of Silence
July 6, 2025 · 3 min
Hamak Gold Plans Bitcoin Treasury After £2.47M Fundraise
July 5, 2025 · 3 min
BlackRock’s Bitcoin ETF Outpaces S&P 500 Fund in Fee Revenue
July 4, 2025 · 3 min
Arizona Governor Vetoes Another Bitcoin Reserve Bill
July 3, 2025 · 3 min

Bitcoin Only
Newsletter

Get weekly news roundups direct to your inbox!