I might not call it standard yet hehe as it is just one city putting some treasury funds in but definitely another one jumping onboard the crypto train 🚂.
Cheers mate. Nice article
Posted using LeoFinance Mobile
You are viewing a single comment's thread from:
What would your definition of a city adopting a bitcoin standard be? Cities aren't autonomous regions so they have limited scope to change things they can only adopt a treasury and allow local services and tax revenue in bitcoin
Legal tender laws would be a out of their remit especially in countries that aren't constitutional republics.
As for merchant adoption that can be a localised movement that people can do without government oversight it would just be a like cash transfers so merchants keep it off the books and avoid the income tax