> Polis said the state is getting a payment provider to accept crypto equivalent and deposit the money into the state’s treasury for that amount.
Colorado won’t be accepting bitcoin. They will be accepting dollars from a payment processor that accepts bitcoin.
Your tax bill will still be in dollars, and at the end of the day you will be responsible for ensuring that the correct number of dollars ends up in state coffers.
This is the same as saying that Colorado will now be accepting Canadian Dollars and Peruvian Soles because I can use a foreign denominated credit card with their cc processor.
Colorado won’t be accepting bitcoin. They will be accepting dollars from a payment processor that accepts bitcoin.
Your tax bill will still be in dollars, and at the end of the day you will be responsible for ensuring that the correct number of dollars ends up in state coffers.
This is the same as saying that Colorado will now be accepting Canadian Dollars and Peruvian Soles because I can use a foreign denominated credit card with their cc processor.