Chiasso<\/a> on Switzerland\u2019s southern border with Italy also introduced its own technology to let residents pay their taxes in bitcoin in 2018.<\/p>\nAll of the schemes rely on infrastructure from Bitcoin Suisse\u2014 a payment processor that offers a range of crypto-related financial services, including buying, selling, custody, lending, and tokenization.<\/p>\n
But while bitcoin is slowly being legitimised by tax authorities in Switzerland, similar schemes in the United States haven’t fared so well.<\/p>\n
Ohio became the first U.S. state to accept Bitcoin for taxes in 2018, but then suspended the payment system in 2019 over legal concerns. Internet retailer Overstock was one of several businesses taking advantage of the scheme.<\/p>\n
Similar events transpired in other U.S. states, including Georgia, Arizona, and New Hampshire where lawmakers flirted with a bill that would have allowed state agencies to accept crypto as payment for taxes, before dismissing it as \u201cinexpedient to legislate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Zermatt announced last week that it will become the third Swiss municipality to let residents pay taxes in bitcoin.<\/p>\n","protected":false},"author":27,"featured_media":25629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[132,3279,1947],"_links":{"self":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/25628"}],"collection":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/comments?post=25628"}],"version-history":[{"count":0,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/25628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media\/25629"}],"wp:attachment":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media?parent=25628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/categories?post=25628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/tags?post=25628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}