2 years ago
Austin, Texas took a measurement toward bitcoin adoption Thursday arsenic metropolis councilors greenlit a program to analyse the feasibility of accepting taxation payments via “bitcoin oregon different cryptocurrencies” successful the metropolis of 1 million.
Austin’s almighty City Manager volition probe the change’s legality, its imaginable to “benefit” nationalist services, its interaction connected the system and the situation and “analysis of the fiscal stableness and information of cryptocurrency,” per a draught of solution 55. This “fact-finding study” is owed connected June 16.
Austin’s program vaults it to the forefront of U.S. cities who presumption crypto arsenic a perchance lucrative municipal energizer. Mayors successful Miami and New York and Jackson, Tenn. person likewise leaned into crypto initiatives implicit the past year.
“Everyone is looking for innovative solutions to tackle municipal challenges, and this whitethorn beryllium an enactment we look to successful Austin,” Mayor Steve Adler tweeted connected March 18 aft a gathering with 25 mayors.
“My enactment for this does not” awesome whether bitcoin payments are a bully happening oregon a atrocious happening for the municipality to accept, assembly subordinate Anna Kitchen said, highlighting this was a connection “for analysis, not for action.” A fig of different assembly members echoed her constrictive support.
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Danny is CoinDesk's lawman concern editor. He owns BTC, ETH and SOL.
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