Florida’s Miami-Dade County to ‘Study Feasibility’ of Paying Taxes With Crypto

The county’s Cryptocurrency Task Force will also offer recommendations around other potential policies related to crypto that could prove advantageous.

Oct 27, 2021 at 11:26 a.m. UTC
Updated Oct 28, 2021 at 7:15 a.m. UTC

Miami-Dade County in Florida has approved a resolution to create a task force to study the feasibility of accepting cryptocurrency as a form of payment for taxes.

  • The Cryptocurrency Task Force will offer recommendations around other potential policies related to crypto that could prove advantageous, according to an announcement Wednesday.
  • First and foremost, the task force will explore how Miami-Dade could accept crypto as a method of payment for taxes, fees and services.
  • The task force also intends to meet with Cheyenne, Wyoming-based American CryptoFed DAO, the first legally recognized decentralized autonomous organization (DAO) in the U.S., and other legislators and regulators in Wyoming to discuss crypto and blockchain initiatives.
  • Wyoming has attempted to attract investment in recent years through establishing itself as a crypto and blockchain-friendly state, passing legislation in April to legally recognize DAOs, companies whose governance is built on smart contracts and where decision making is shared around the organization.
  • The City of Miami is another jurisdiction to have adopted such a stance, thanks to some degree to its pro-crypto Mayor Francis Suarez.

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Jamie Crawley is a CoinDesk news reporter based in London.