The state of Ontario allowed to pay taxes on real estate in bitcoins

The authorities of the Canadian city of Innisfil in Ontario launched a pilot project in which residents will be able to pay real estate taxes cryptocurrency. It is reported by the Cointelegraph , citing the decree of the municipality.

For the time being, only Bitcoin is accepted, which will be converted into Canadian dollars with the help of the payment operator Coinberry Pay.

In the future, the list of assets will be expanded with digital currencies Ethereum, Litecoin, Bitcoin Cash and XRP.

Recall that in November 2018, the government of the US state of Ohio allowed local companies to pay taxes in Bitcoins through the state treasury portal.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.