Accepting crypto payments for local taxes could bring in the younger generation, says Australian mayor

The crypto market has been very volatile in recent weeks with Bitcoin (BTC) plunging below $30,000 before recovering to its current price above $31,000. Despite this scenario, Gold Coast Australia Mayor Tom Tate is convinced that accepting crypto as payment for local taxes could be beneficial, a proposal that was opposed by critics who view the price volatility of digital currencies to be a cause of concern. Local tax rates in Gold Coast are expected to increase by at least 4 percent this year, the highest increase in ten years, according to local media outlet ABC News. Mayor Tom Tate…


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