The city of Austin, Texas, will study the feasibility of adopting a payment system in Bitcoin and other cryptocurrencies starting in June.
Austin, one of the most touristic cities in the state of Texas, approved last Tuesday a proposal to create a “research study” that will analyze the feasibility of accepting payments in Bitcoin and other currencies for local taxesThe council of the city, which has a population of one million, has indicated that the study will begin on June 16, 2022.
The Austin study group will investigate the legal challenges as well as the potential benefits of cryptocurrency payments for different public services. They will also analyze their impact on the economy and the environment. At the same time, they will study the financial stability and security of cryptocurrencies.
Austin thus joins other US cities that have begun to offer the option of paying with cryptocurrencies for some services and taxes. New York, Jackson and Miami were the first cities to implement this new payment option.
Florida is also betting on paying taxes in Bitcoin
However, if there is a state in the US that is leading the adoption of Bitcoin, it is Florida. Miami, with its mayor Francis Suarez at the helm, has sought to become a Bitcoin center for more than a year ago.
Recently, the governor of Florida, Ron De Santis He noted that the first steps have already been taken to implement a cryptocurrency payment system for state taxes.
During a bill signing this week, the governor indicated that he has already reached out to the state's key government agencies to Start implementing a Bitcoin payment system and other cryptocurrencies. DeSantis has ordered them to find the best ways to implement these payment systems.
The governor indicated that the main objective is to accept Bitcoin as a means of payment and that, later, the feasibility of implementing other cryptocurrencies in this payment system will be studied.
Concerned about Biden's administrative order
In the context of the signing of the bill, the governor of Florida also noted his concern about the effects that Joe Biden's administrative order could have on the sector of cryptocurrencies and their users.
De Santis points out that no central government should have the power to block or seize users' private funds, as well as their access to the purchase of goods and services.
