Paying Taxes with Cryptocurrency is Now Possible In Bermuda

According to senior officials of the coastal territory of Great Britain, this decision is part of a larger initiative to use "decentralized financial protocols and services".

Recall that Circle launched its own stable coin a year ago. To promote this project, the company created a CENTRE consortium. USDC security reserves have been successfully audited several times.

Circle CEO Jeremy Allaire commented on this initiative, he called it quite natural, since the Bermuda dollar is pegged to the US dollar at a ratio of 1:1, just like USDC.

Earlier we wrote that the United States wants to issue a guide to cryptocurrencies taxation.