Colorado to become first US state to accept cryptocurrency tax payments

Governor says state will except crypto payments converted into a dollar value, which would then be deposited in the state's treasury

Colorado is slated to become the first US state to accept tax payments in cryptocurrency, a move the governor's office has described as the next logical step on the path to digital statehood".

Colorado's governor, Jared Polis, who announced the effort last week, explained in a tweet that the state would accept crypto payments converted into a dollar value, which would then be deposited in the state's treasury.