FAQs for Cryptocurrency Denver

Is Colorado the first state to accept cryptocurrency?

The Polis administration has said Colorado is the first state in the country that has started accepting cryptocurrency to pay taxes. Department of Revenue spokesman Daniel Carr said the state of Ohio had a pilot program a few years ago, but didn’t proceed with accepting the digital currency.

What time will the Justice Department announce cryptocurrency enforcement?

REUTERS/Dado Ruvic/File Photo WASHINGTON, Jan 18 (Reuters) - The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, without offering further details. U.S. officials will announce the action at 12 p.m. (1700 GMT), the department said in a statement.

Is ethdenver a better place to discuss Crypto and NFTs?

Cryptocurrency and NFTs are discussed by their enthusiastic disciples with the complex, dissecting care of Talmudic scholars, which often leaves the rest of us profoundly confused. But ETHDenver may provide more coherent conversation of the subjects.

Can Coloradans use crypto to pay taxes?

Coloradans can use digital currency to pay taxes of all kinds: personal and business income, withholding, sales and use, severance and excise fuel taxes. “The state will operate our own ledgers in dollars. Taxpayers who pay with crypto will see their transactions converted to dollars,” Polis said.

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