The Isle of Man really is aiming to be bitcoin central. If the initiative to bring as many bitcoin businesses to the island wasn’t enough, how does paying your taxes with the digital currency sound?
Perhaps far-fetched, but if a new report from CoinDesk is to be believed, we might not be far off from this happening.
“Everything from paying your car tax to your income tax bill, we’re seeking to operate a wider range of choices for citizens and businesses for how they can settle their account with the government,” Mr. Chris Corlett, chief executive of the department of economic development on the Isle of Man, said.
According to CoinDesk‘s story, the government on the Isle of Man is currently looking to expand their horizons in terms of payment options when it comes to paying off a tax bill.
Companies looking to get involved (and potentially be included as a payment option), including those that process bitcoin payments, can apply by October 3rd. A date for selection of new payment providers has not been established, though Corlett reportedly indicated that there would not be a cap on how many new payment providers would be selected.
In a place where we’re seeing quite a bit of development business-wise on the cryptocurrency front, why shouldn’t it be included as a payment option?
Certainly, it will be interesting to see how this one plays out.