Bitcoin for property tax

Another Canadian City Will Now Accept Bitcoin For Property Tax

The City of Richmond Hill is taking a page from the city of Innisfil. The former will now provide the option to pay Bitcoin for Property Tax. The city has joined hands with Coinberry, a digital currency platform and the same company that partnered with Innisfil.

The company has begun negotiations with the city to provide a robust cryptocurrency payment processing solution. The city council reportedly voted on whether to allow payment of bitcoin for property tax. It decided in favor of entering into an agreement with the trading platform operator. The council and Coinberry want to get feedback from municipal staff on how effective the launch of property tax payments is. They are considering implementing crypto asset payment options for other city charges and fees as well.

Though the cities are far from the norm they are not alone in their acceptance of Bitcoin for tax payments. Ohio reportedly became the first US state to allow for some business taxes to be paid for in Bitcoin last year.