One other day, one other faux headline from a crypto influencer. At present, 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 drawback with that unimaginable information: It by no means occurred.
In keeping 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 reality test reveals that they can not.
In keeping with BitcoinNews.com, Louisiana’s Division of Wildlife and Fisheries accepted bitcoin through the Lightning Community. Nevertheless, 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 an identical to any common test, 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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