Colorado to Take Crypto for Tax, Other Payments This Summer

Colorado will begin accepting cryptocurrency for state tax payments by this summer, Gov. Jared Polis said Wednesday.

“We will be accepting crypto for paying state taxes and other transactions with the state by the end of summer,” the Democratic governor told CoinDesk. Colorado would be the first state to accept such payments.

• Taxpayers would use a state portal to pay taxes with crypto, he said, adding: “For consumer convenience, we want to accept payment in a wide variety of cryptocurrencies, just as we do in credit cards.”
• An intermediary would convert the crypto to dollars so the state isn’t ...