Cryptocurrency News
Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
2022.04.21 23:47
Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.
In a white paper on the future of digital assets released on Wednesday, the Bahamas’ Office of the Prime Minister said the government will begin to “enable payment of taxes using digital assets” by working with the country’s central bank as well as the private sector. In addition, the government plans to work on giving citizens access to crypto with the Bahamian dollar and encourage greater use of the country’s CBDC, the Sand Dollar.
