One other day, one other faux headline from a crypto influencer. Right now, in an alleged first-ever announcement for a state authorities, Louisiana supposedly introduced its acceptance of crypto for the cost of taxes.
There is only one downside with that unimaginable information: It by no means occurred.
In accordance with a screenshot and put up to X (previously Twitter) by BitcoinNews.com, Louisiana residents “can now use bitcoin and Bitcoin Lightning Network to pay taxes and fees.” Sadly, a truth verify reveals that they can not.
In accordance with BitcoinNews.com, Louisiana’s Division of Wildlife and Fisheries accepted bitcoin by way of the Lightning Community. Nonetheless, per the precise announcement from Louisiana’s Division of Wildlife and Fisheries, point-of-sale supplier Bead Pay accepted bitcoin from a resident, facilitated its sale into US {dollars}, after which deposited US {dollars} right into a state authorities checking account.
Learn extra: No, Russia didn’t simply raise its ban on home crypto use
For the state of Louisiana, the cost denomination was similar to any common verify, bank card, debit card, or financial institution switch. Louisiana by no means accepted any crypto asset. It solely obtained USD.
Certainly, no US state nor authorities accepts cost of taxes in digital currencies.
Protos has debunked a previous information announcement from BitcoinNews.com that falsely claimed that the state of California had adopted bitcoin.
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