Breaking: Colorado becomes the first state to accept Bitcoin as payment for taxes

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Colorado taxes crypto cryptocurrency Breaking: Colorado becomes the first state to accept Bitcoin as payment for taxes

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Based on the rules outlined by the CDR, cryptocurrency payments will only be available on PayPal personal accounts, and users are required to have the full value of an invoice held in a single cryptocurrency in their PayPal crypto hub account. This development from Polis is not surprising as the governor, who was elected in 2019, is a long-time crypto advocate and one of the co-founders of the Congressional Blockchain Caucus in 2016.

 

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