{"id":62524,"date":"2022-06-06T16:34:16","date_gmt":"2022-06-06T13:34:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62524"},"modified":"2025-09-05T18:38:35","modified_gmt":"2025-09-05T15:38:35","slug":"gold-coast-mayor-hints-at-accepting-cryptocurrency-for-tax-payments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gold-coast-mayor-hints-at-accepting-cryptocurrency-for-tax-payments\/","title":{"rendered":"Gold Coast mayor hints at accepting cryptocurrency for tax payments"},"content":{"rendered":"<p>The mayor of the Gold Coast (Australia), Tom Tate, did not rule out that residents could pay taxes in digital assets in the future. This was reported by <a href=\"https:\/\/www.abc.net.au\/news\/2022-06-05\/cryptocurrency-council-rates-gold-coast-tom-tate\/101119696\">ABC News<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Why can&#8217;t taxes be paid in cryptocurrency if the risk is not large? Volatility isn&#8217;t that bad. [\u2026] We are innovative. [\u2026] We always look to the next level,&#8221;<\/em> said the official.<\/p>\n<\/blockquote>\n<p>The mayor announced that the council intends to hire a chief investment officer to \u201cencourage innovation\u201d.<\/p>\n<p>The comment came just before the budget for Australia\u2019s sixth-largest city, which is home to 679,000 residents, was approved.<\/p>\n<p>In 2020, Tom Tate was appointed to a third term.<\/p>\n<p>Adam Poulton of Blockchain Australia noted that the council should assess its risk appetite before deciding whether to accept cryptocurrency as payment.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The last thing they would want to do is collect taxes equivalent to $2,000 in Bitcoin and face its price drop by half,&#8221;<\/em> explained the expert.<\/p>\n<\/blockquote>\n<p>As reported in <a href=\"https:\/\/forklog.news\/vlasti-rio-de-zhanejro-pozvolyat-oplachivat-nalog-na-nedvizhimost-bitkoinom\/\">\u0420\u0438\u043e-\u0434\u0435-\u0416\u0430\u043d\u0435\u0439\u0440\u043e<\/a>, authorities announced the possibility of paying taxes in Bitcoin from 2023.<\/p>\n<p>Earlier, with a similar initiative, <a href=\"https:\/\/forklog.news\/vlasti-okruga-majami-rassmotryat-vozmozhnost-uplaty-nalogov-v-bitkoine\/\">\u0432\u044b\u0441\u0442\u0443\u043f\u0438\u043b\u0438<\/a> \u0432\u043b\u0430\u0441\u0442\u0438 \u041c\u0430\u0439\u0430\u043c\u0438.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mayor of Gold Coast (Australia), Tom Tate, did not rule out that residents could pay taxes in digital assets in the future. This was reported by ABC News.<\/p>\n","protected":false},"author":1,"featured_media":62525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,558],"class_list":["post-62524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62524"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62524\/revisions"}],"predecessor-version":[{"id":62526,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62524\/revisions\/62526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62525"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}