Businesses In Florida To Be Able to Pay Taxes in Crypto

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Pro-crypto Florida Governor Ron DeSantis announced a new plan for businesses in the state that would allow paying taxes in digital assets

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Back in December, DeSantis proposed a program that would let businesses pay state fees in cryptocurrencies

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Back in December, DeSantis proposed a program that would let businesses pay state fees in cryptocurrencies

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The wide implementation of digital assets in the state would not have been possible without the support of the mayo

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Francis Suarez, who said that he would receive part of his wages in BTC instead of the U.S. Dollar

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The executive order started wide research on the pros and cons of the digital currency controlled by the Central Bank.

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As the mayor stated previously, he is worried about the ability of one central authority to seize and fully control an asset, which is used to purchase certain goods and is basically acting as the country's currency.

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Numerous pro-decentralization cryptocurrency and blockchain experts noted that CBDCs will bring nothing but overextended regulation over people's funds

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As almost any type of centralized digital currency could be manipulated by a third party

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In an analogy with tokens and coins like USDT by Tether, the issuer of the token is able to burn

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Mint and limit a certain amount of tokens even if they are already acquired by users.