Bahamas to Allow Citizens to Pay Taxes With Digital Assets

2 years ago

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

The Government of the Bahamas published a white paper outlining the nation's integer plus strategy until 2026.

  • This year, the authorities volition statesman to let Bahamians to wage taxes utilizing integer assets.

  • It volition besides commencement enabling Bahamians’ entree to integer assets utilizing the Bahamas Sand Dollar, a cardinal bank-issued integer currency launched successful 2020.

  • "We person a imaginativeness to alteration The Bahamas into the starring integer plus hub successful the Caribbean," said Prime Minister Philip Davis.

  • The merchandise of the achromatic insubstantial comes 1 week earlier the Crypto Bahamas league that volition beryllium hosted by cryptocurrency speech FTX. Guests see erstwhile U.K. Prime Minister Tony Blair, erstwhile U.S. president Bill Clinton and NFL backmost Tom Brady.

  • FTX moved its office to the Bahamas successful September, 2021, with CEO Sam Bankman-Fried attributing the the move to a "progressive and forward-thinking crypto bill" that would modulate the manufacture successful the region.

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Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.


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