Miami-Dade County, Florida Begins Study of Feasibility of Accepting Cryptocurrencies as a Method of Tax Payment

Miami-Dade County, Florida, has approved the creation of a task force to study the feasibility of accepting cryptocurrency as a form of tax payment, Golden Finance reports. According to Wednesday's announcement, the cryptocurrency task force will provide recommendations around other potential policies related to cryptocurrencies that could prove beneficial. First, the working group will explore how Miami-Dade could accept cryptocurrencies as a form of payment for taxes, fees and services. The working group also intends to meet with the Wyoming-based CryptoFed DAO, the first legally recognized decentralized autonomous organization (DAO) in the United States, and other lawmakers and regulators in the state to discuss cryptocurrency and blockchain initiatives.